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GE (GE) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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The upcoming report from GE Aerospace (GE - Free Report) is expected to reveal quarterly earnings of $2.01 per share, indicating an increase of 21.1% compared to the year-ago period. Analysts forecast revenues of $12.65 billion, representing an increase of 11.9% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some GE metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Total Revenues- Commercial Engines & Services' will reach $9.71 billion. The estimate suggests a change of +9.4% year over year.
The consensus among analysts is that 'Total Revenues- Defense & Propulsion Technologies' will reach $3.40 billion. The estimate indicates a change of +20.2% from the prior-year quarter.
Analysts' assessment points toward 'Segment profit- Defense & Propulsion Technologies' reaching $434.34 million. Compared to the present estimate, the company reported $386.00 million in the same quarter last year.
The consensus estimate for 'Segment profit- Commercial Engines & Services' stands at $2.67 billion. The estimate compares to the year-ago value of $2.44 billion.
Over the past month, GE shares have recorded returns of -1.9% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #2 (Buy), GE will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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GE (GE) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
The upcoming report from GE Aerospace (GE - Free Report) is expected to reveal quarterly earnings of $2.01 per share, indicating an increase of 21.1% compared to the year-ago period. Analysts forecast revenues of $12.65 billion, representing an increase of 11.9% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some GE metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Total Revenues- Commercial Engines & Services' will reach $9.71 billion. The estimate suggests a change of +9.4% year over year.
The consensus among analysts is that 'Total Revenues- Defense & Propulsion Technologies' will reach $3.40 billion. The estimate indicates a change of +20.2% from the prior-year quarter.
Analysts' assessment points toward 'Segment profit- Defense & Propulsion Technologies' reaching $434.34 million. Compared to the present estimate, the company reported $386.00 million in the same quarter last year.
The consensus estimate for 'Segment profit- Commercial Engines & Services' stands at $2.67 billion. The estimate compares to the year-ago value of $2.44 billion.
View all Key Company Metrics for GE here>>>Over the past month, GE shares have recorded returns of -1.9% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #2 (Buy), GE will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .