General Electric Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
General Electric Company (NYSE:GE) is anticipated to report lower Q4 earnings at 90 cents per share, down from $1.24 per share year-over-year, with projected revenue of $17.42 billion compared to $21.79 billion. GE is also involved in investigations related to a Boeing 747 engine malfunction. The stock closed up 1.1% at $131.23. Analysts from JP Morgan, RBC Capital, Citigroup, Barclays, and Morgan Stanley have provided ratings and adjusted price targets for GE.
January 23, 2024 | 5:56 am
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NEGATIVE IMPACT
General Electric is expected to report lower Q4 earnings and revenue. The company is involved in engine malfunction investigations. Analysts have mixed ratings with recent price target adjustments.
The expected decrease in both earnings and revenue suggests a negative short-term impact on GE's stock price. However, the stock's recent gain and mixed analyst ratings with increased price targets may buffer the impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100