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GE Aerospace Earnings: What To Look For From GE

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Industrial conglomerate GE Aerospace (NYSE: GE) will be reporting earnings this Tuesday before the bell. Here’s what investors should know.

GE Aerospace beat analysts’ revenue expectations last quarter, reporting revenues of $11.87 billion, up 20.1% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ adjusted operating income estimates.

Is GE Aerospace a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting GE Aerospace’s revenue to grow 19.1% year on year, improving from the 11.4% increase it recorded in the same quarter last year.

GE Aerospace Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GE Aerospace has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at GE Aerospace’s peers in the industrial machinery segment, only Worthington has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 24.4%. The stock was down 4.6% on the results.

Read our full analysis of Worthington’s earnings results here.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 10.3% on average over the last month. GE Aerospace is up 4.7% during the same time and is heading into earnings with an average analyst price target of $350.65 (compared to the current share price of $305.37).

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