“GE Aerospace earnings forecast: Strong growth expected on July 23, 2024, with $0.98 EPS consensus forecast, up 44% from last year.”
General Electric’s (GE) aerospace division is set to report its quarterly earnings on July 23, 2024, before the market opens. The report will cover the fiscal quarter ending June 2024, and investors are eagerly awaiting the results. According to Zacks Investment Research, the consensus EPS forecast from five analysts is $0.98, a significant increase from the reported EPS of $0.68 for the same quarter last year.
Analysts’ Expectations
The consensus forecast suggests a growth rate of 44% year-over-year, indicating a strong performance by GE Aerospace. This growth is likely driven by increased demand for commercial aviation, defense, and space products and services. The analysts’ expectations are based on various factors, including industry trends, company performance, and market conditions.
Key Factors to Watch
- Revenue Growth: Investors will be watching for revenue growth, which is expected to be driven by increased demand for GE Aerospace’s products and services.
- Margin Expansion: Analysts will be looking for signs of margin expansion, which could indicate improved operational efficiency and cost management.
- Guidance: The company’s guidance for the upcoming quarter and full year will be closely watched, as it will provide insight into management’s expectations for future growth.
Conclusion
GE Aerospace’s earnings report on July 23, 2024, is highly anticipated, with analysts expecting strong growth. The company’s ability to deliver on these expectations will be crucial in determining the stock’s performance. Investors should watch for revenue growth, margin expansion, and guidance to gauge the company’s future prospects.
About GE Aerospace
GE Aerospace is a leading provider of commercial and military aviation products and services, including engines, systems, and digital solutions. The company is a subsidiary of General Electric, a multinational conglomerate with a diverse portfolio of businesses.