We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
GE Aerospace (GE) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
GE Aerospace (GE - Free Report) ended the recent trading session at $325.42, demonstrating a -2.83% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 0.64%.
Heading into today, shares of the industrial conglomerate had lost 9.01% over the past month, outpacing the Aerospace sector's loss of 11.13% and lagging the S&P 500's loss of 0.97%.
Analysts and investors alike will be keeping a close eye on the performance of GE Aerospace in its upcoming earnings disclosure. On that day, GE Aerospace is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 21.08%. In the meantime, our current consensus estimate forecasts the revenue to be $12.69 billion, indicating a 12.27% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.91 per share and a revenue of $50.65 billion, representing changes of +24.18% and +19.69%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for GE Aerospace. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, GE Aerospace holds a Zacks Rank of #3 (Hold).
Investors should also note GE Aerospace's current valuation metrics, including its Forward P/E ratio of 42.36. This denotes a premium relative to the industry average Forward P/E of 23.08.
One should further note that GE currently holds a PEG ratio of 2.45. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. GE's industry had an average PEG ratio of 1.65 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
GE Aerospace (GE) Registers a Bigger Fall Than the Market: Important Facts to Note
GE Aerospace (GE - Free Report) ended the recent trading session at $325.42, demonstrating a -2.83% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 0.64%.
Heading into today, shares of the industrial conglomerate had lost 9.01% over the past month, outpacing the Aerospace sector's loss of 11.13% and lagging the S&P 500's loss of 0.97%.
Analysts and investors alike will be keeping a close eye on the performance of GE Aerospace in its upcoming earnings disclosure. On that day, GE Aerospace is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 21.08%. In the meantime, our current consensus estimate forecasts the revenue to be $12.69 billion, indicating a 12.27% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.91 per share and a revenue of $50.65 billion, representing changes of +24.18% and +19.69%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for GE Aerospace. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, GE Aerospace holds a Zacks Rank of #3 (Hold).
Investors should also note GE Aerospace's current valuation metrics, including its Forward P/E ratio of 42.36. This denotes a premium relative to the industry average Forward P/E of 23.08.
One should further note that GE currently holds a PEG ratio of 2.45. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. GE's industry had an average PEG ratio of 1.65 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.