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GE Aerospace (GE) Suffers a Larger Drop Than the General Market: Key Insights
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GE Aerospace (GE - Free Report) ended the recent trading session at $306.96, demonstrating a -3.34% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.
Coming into today, shares of the industrial conglomerate had lost 14.04% in the past month. In that same time, the Aerospace sector lost 13.87%, while the S&P 500 lost 1.99%.
Investors will be eagerly watching for the performance of GE Aerospace in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.01, reflecting a 21.08% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $12.66 billion, showing a 11.96% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.91 per share and revenue of $50.56 billion. These totals would mark changes of +24.18% and +19.46%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GE Aerospace. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.62% higher within the past month. Right now, GE Aerospace possesses a Zacks Rank of #3 (Hold).
In terms of valuation, GE Aerospace is currently trading at a Forward P/E ratio of 40.14. This expresses a premium compared to the average Forward P/E of 24.54 of its industry.
Meanwhile, GE's PEG ratio is currently 2.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Aerospace - Defense industry stood at 1.66 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 99, positioning it in the top 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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GE Aerospace (GE) Suffers a Larger Drop Than the General Market: Key Insights
GE Aerospace (GE - Free Report) ended the recent trading session at $306.96, demonstrating a -3.34% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.
Coming into today, shares of the industrial conglomerate had lost 14.04% in the past month. In that same time, the Aerospace sector lost 13.87%, while the S&P 500 lost 1.99%.
Investors will be eagerly watching for the performance of GE Aerospace in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.01, reflecting a 21.08% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $12.66 billion, showing a 11.96% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.91 per share and revenue of $50.56 billion. These totals would mark changes of +24.18% and +19.46%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GE Aerospace. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.62% higher within the past month. Right now, GE Aerospace possesses a Zacks Rank of #3 (Hold).
In terms of valuation, GE Aerospace is currently trading at a Forward P/E ratio of 40.14. This expresses a premium compared to the average Forward P/E of 24.54 of its industry.
Meanwhile, GE's PEG ratio is currently 2.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Aerospace - Defense industry stood at 1.66 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 99, positioning it in the top 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.