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What Analysts Think of GE Aerospace Stock Ahead of Earnings

A sign for GE Aerospace at the Farnborough International Airshow in Hampshire. Picture date: Monday July 22, 2024.

Jonathan Brady / PA Images / Getty Images

Key Takeaways

  • GE Aerospace is set to report fourth-quarter results before markets open Thursday, and analysts are bullish on the maker of airplane engines and other parts.
  • This will be the company's third full quarter since conglomerate General Electric split into three companies.
  • GE Aerospace's stock fell following its last report.

GE Aerospace (GE) is slated to report fourth-quarter results Thursday morning, and analysts are bullish on the maker of airplane engines and other parts.

All nine analysts tracked by Visible Alpha who rate the stock have 澳洲幸运5官方开奖结果体彩网:it as a "buy." The stock's average 澳洲幸运5官方开奖结果体彩网:price target is at $211.67, whiℱch 16% higher than its level of $182.85 entering trading Tuesday.

GE Aerospace is expected to post 澳洲幸运5官方开奖结果体彩网:net income of $1.2 billion, or $1.10 澳洲幸运5官方开奖结果体彩网:per share, on revenue of $10.12 billion, according to Visible Alpha estimates. A year ago, when the company was still a segment of conglomerate General Electric, it posted $1.6 billion in profit on $8.52 billion in revenue.

The report will be its third since GE became three separate companies, with GE Vernova (GEV) having been spun off 澳洲幸运5官方开奖结果体彩网:in April 2024 and GE HealthCare (GEHC) having been separated earlier. GE Vernova is set to report its own fourth-quarter results Wednesday, with GE HealthCare reporting on Feb. 13.

GE Aerospace Stock Fell After Q3 Report

The engine maker's stock dropped following its 澳洲幸运5官方开奖结果体彩网:third-quarter report in October, as re🍌venue in its commercial engines and defense and propulsion segments fell short of expectations꧒.

GE Aeroꦦspace shares have added about a third of their value since the spinoff of GE Vernova last ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚApril.

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