GE Aerospace Sees FY24 Adj. EPS $3.80-$4.05 vs $3.94 Est., Adj. Revenue Growth Low Double Digits, Free Cash Flow >$5B
Portfolio Pulse from Benzinga Newsdesk
GE Aerospace forecasts FY24 adjusted EPS of $3.80-$4.05, compared to the $3.94 estimate, with adjusted revenue growth in the low double digits and free cash flow greater than $5 billion.
April 23, 2024 | 10:27 am
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POSITIVE IMPACT
GE Aerospace's FY24 forecast includes adjusted EPS of $3.80-$4.05, surpassing the $3.94 estimate, with revenue growth in low double digits and free cash flow over $5 billion.
The positive forecast from GE Aerospace, especially the adjusted EPS range that straddles the current estimate and the projection of significant revenue growth and substantial free cash flow, is likely to be viewed favorably by investors. This could lead to increased investor confidence and potentially drive up GE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100