CORRECTION: GE Aerospace Revises FY24 Outlook: Revenue Growth In High Single Digits (From Low Double Digits Prior), Adj. EPS $3.95-$4.20 (Up From $3.80-$4.05 Prior) Vs. $4.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
GE Aerospace has revised its FY24 outlook, now expecting revenue growth in the high single digits, down from the previously anticipated low double digits. However, the company has raised its adjusted EPS guidance to $3.95-$4.20, up from the prior $3.80-$4.05, compared to the $4.08 estimate.
July 23, 2024 | 1:13 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
GE Aerospace has revised its FY24 outlook, lowering revenue growth expectations to high single digits from low double digits. However, the company has increased its adjusted EPS guidance to $3.95-$4.20, up from $3.80-$4.05, compared to the $4.08 estimate.
The revision in revenue growth outlook to high single digits from low double digits may be seen as a negative, but the increase in adjusted EPS guidance to $3.95-$4.20 from $3.80-$4.05, which is above the $4.08 estimate, could offset the negative sentiment. Overall, the impact on GE's stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100