- GE revised its full-year adjusted earnings per share (EPS) outlook to a range of $4.20 to $4.35, up from the previous range of $3.95 to $4.20. Analysts had estimated $4.24.
- The company increased its forecast for adjusted free cash flow to $5.6 billion to $5.8 billion, higher than the earlier prediction of $5.3 billion to $5.6 billion, with an analyst estimate of $5.56 billion.
- Projected adjusted operating profit is now set between $6.7 billion and $6.9 billion, previously estimated at $6.5 billion to $6.8 billion.
- For the third quarter, GE posted adjusted EPS of $1.15, surpassing last year’s 92 cents and the market’s forecast of $1.13.
- Adjusted revenue for the third quarter was $8.94 billion, marking a 5.7% increase year-over-year but slightly below the $9 billion estimate.
- The third-quarter adjusted free cash flow reached $1.81 billion, up 5.2% from the previous year, exceeding the $1.27 billion forecast.
- The CEO expressed optimism, attributing the positive performance to engine delivery improvements of over 20% and enhanced aftermarket capacity, setting a clear path forward for GE Aerospace.
- GE accounted for a pre-tax charge of $328 million related to an agreement in principle to settle a legacy shareholder lawsuit.
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General Electric on Smartkarma
General Electric (GE) has garnered significant analyst coverage on Smartkarma, an independent investment research network. Baptista Research, a prominent research provider on the platform, has published several insightful reports on GE. One report, titled “GE Aerospace: Advancements in Aerospace Engine Technology,” explores the company’s transformation in the aerospace sector. Despite grappling with operational challenges, GE Aerospace has made strides in securing key orders and advancing technological innovations. Baptista Research evaluates various factors influencing GE’s future stock price and conducts an independent valuation using a Discounted Cash Flow (DCF) methodology.
Another report by Baptista Research delves into GE’s transition following the spin-off of GE Vernova and the launch of GE Aerospace. Titled “General Electric Company: Is The Healthy Demand In Renewables Here To Stay? – Major Drivers,” the report highlights GE’s strategic restructuring to strengthen its core operations and financial health. With a focus on the aerospace and defense industry, GE aims to consolidate its position as a market leader. Baptista Research provides valuable insights into the potential impact of these developments on GE’s stock price moving forward.
A look at General Electric Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
General Electric Company, a globally diversified technology and financial services firm, appears to have a positive long-term outlook based on the Smartkarma Smart Scores analysis. The company scores high on growth and momentum, indicating a promising future in terms of expansion and market performance. This suggests that General Electric is well-positioned to capitalize on opportunities and sustain its growth trajectory over the long term.
Despite having moderate scores in value, dividend, and resilience, the strong performance in growth and momentum factors bodes well for General Electric’s overall outlook. With a wide range of products and services spanning various industries, including aircraft engines, power generation, and medical imaging, the company is poised to thrive in the evolving market landscape and drive value for its stakeholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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