General Electric Earnings Preview
Portfolio Pulse from Benzinga Insights
General Electric (NYSE:GE) is expected to report an EPS of $0.90 in its upcoming quarterly earnings on January 23, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Despite beating EPS estimates in the past four quarters, GE's stock price dropped after three of those reports. Shares are currently trading at $129.81, with a 62.59% increase over the last 52 weeks.
January 22, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
General Electric is anticipated to report an EPS of $0.90 and investors are focused on earnings beat and future guidance. Historical price reactions show a drop post-earnings despite past beats.
While GE is expected to report strong earnings, historical data indicates that the stock price may not necessarily rise post-earnings, even with an earnings beat. The market's reaction could be more influenced by the company's future guidance than the earnings beat itself.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100