General Electric

GE Aerospace reported better-than-expected fourth-quarter earnings Thursday. The outlook from the company looked solid too. Shares were rising shortly after the results were released. GE Aerospace reported fourth-quarter sales of $9.9 billion, operating profit of $1.9 billion, and earnings per share of $1.32. Wall Street was looking for sales of $9.5 billion, operating profit of $1.7 billion, and earnings of $1.04, according to FactSet. For 2025, GE expects to grow sales above 10%, in line with Wall Street estimates. The midpoint of operating profit guidance was $8 billion, which also aligns with estimates. The midpoint of EPS guidance is almost $5.30. Wall Street is looking for closer to $5.25. When GE Aerospace reports earnings on Thursday morning, the fourth-quarter numbers will matter, but the company’s outlook should matter more. This year, ideally, will be pivotal for commercial aerospace, with the industry set to dig out from years of underproduction. For […]

GE Aerospace posted a surge in quarterly revenue that blew past Wall Street’s estimates as the jet-engine maker received an influx of orders to end the year. The Cincinnati company Thursday reported fourth-quarter net earnings of about $1.9 billion, or $1.76 a share, for the three months ended Dec. 31, compared with $1.59 billion, or $1.46 a share, a year earlier. Stripping out certain one-time items, earnings came in at $1.32 a share. Analysts polled by FactSet expected $1.04 a share. Revenue rose to $10.81 billion from $9.46 billion, ahead of the average analyst forecast for $9.49 billion. Shares of GE Aerospace rose 6.8% to $201.11 in premarket trading. Revenue grew 19% to $7.65 billion year-over-year in its commercial engines-and-services segment. The defense-and-propulsion-technologies segment rose 4% to $2.52 billion. Chief Executive H. Lawrence Culp, Jr. said the company ended 2024 on a high note amid robust demand for its services

GE Aerospace (NYSE:GE) shares are trading higher premarket on Thursday after it reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion. The analyst consensus was $9.604 billion. Commercial Engines & Services revenue was $7.650 billion (+19% Y/Y) and Defense & Propulsion Technologies revenue totaled $2.523 billion (+4% Y/Y). Total orders increased 46% Y/Y to $15.5 billion, with Commercial Engines & Services +50% Y/Y and Defense & Propulsion Technologies +22% Y/Y. GE Aerospace’s adjusted operating profit margin expanded 450 bps to 20.1%, with an adjusted operating profit of $1.988 billion, up 49% in the quarter. Adjusted EPS for the quarter was $1.32 (+103% Y/Y), beating the consensus of $1.04. GE Aerospace’s cash from operating activities for the fiscal year stood at $5.8 billion (+26%), while adjusted free cash flow rose 28%. The company repurchased shares worth more than $6 billion in 2024. Also, it

GE Aerospace sees recent momentum continuing in 2025. CEO Larry Culp says on an earnings call that he aims to deliver “solid low double-digit revenue growth, including growth in Commercial Engines & Services and Defense & Propulsion Technologies.” GE Aerospace expects profit to range between $7.8 billion and $8.2 billion. “This, combined with a lower share count, will translate to EPS in the range of $5.10 to $5.45 and up 15% at the midpoint,” Culp says according to a transcript provided by FactSet. GE Aerospace climbs 8% premarket.

Goldman Sachs analyst Noah Poponak expressed views on GE Aerospace’s (NYSE:GE) fourth-quarter FY24 results. Today, the company reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion. The analyst consensus was $9.604 billion. Adjusted EPS for the quarter was $1.32 (+103% Y/Y), beating the consensus of $1.04. GE Aerospace expects FY25 adjusted revenue growth in the low double digits and adjusted EPS of $5.10 – 5.45 vs. the $5.22 consensus. The analyst writes that GE Aerospace’s results exceeded Factset’s consensus on revenue, segment operating margin, EPS, and free cash. According to the analyst, Commercial Engines exceeded consensus expectations on revenue and margin, and Defense was slightly ahead on both revenue and margin. Poponak says that the initial 2025 guidance is above consensus at the high of the ranges. The analyst rates the company Buy with a price target of $204.

When GE Aerospace reports earnings on Thursday morning, the fourth-quarter numbers will matter, but the company’s outlook should matter more. This year, ideally, will be pivotal for commercial aerospace, with the industry set to dig out from years of underproduction. For the fourth quarter, Wall Street is looking for sales of $9.5 billion, operating profit of $1.7 billion, and earnings per share of $1.04, according to FactSet. It’s difficult to compare results to previous quarters. GE spun off GE Vernova, GE’s power-generation technology business, on Apr. 2. In the third quarter of 2024, GE Aerospace reported sales of $8.9 billion, an operating profit of $1.8 billion, and earnings of $1.15 a share. As for 2025 overall, Wall Street is looking for sales of about $39 billion, up about 12% compared with 2024; operating profit of about $8 billion, up 15%; and EPS of about $5.23, up 21%. How GE Aerospace’s

The following is a summary of the GE Electric Company (GE) Q1 2024 Earnings Call Transcript: Financial Performance: GE reported a Q1 increase in profits with a revenue increase of 10% across all segments. An operating profit of $1.5 billion was reported, which was a rise of over $600 million, attributing to 300 basis points of organic margin expansion mainly due to pricing and volume. The massive year-over-year increase in Adjusted EPS was notable at $0.82, more than thrice the previous amount. GE reported its Q1 free cash flow at $850 million, a significant rise of over 5x primarily due to higher earnings and reduction in working capital. GE Aerospace made a significant contribution with double-digit growth in revenue and profit, and free cash flow doubled over the year. Business Progress: The completion of GE Vernova’s spin-off and a successful $100 billion debt reduction since 2018 marked valuable progress. GE

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $167, raised $20, reflects a 29x multiple of our projected 2025 EPS. The applied multiple is above that of our aerospace universe average, but merited, in our view, by improving aftermarket services results. We cut our 2024 EPS estimate by $0.36 to $4.00 and lift 2025’s by $0.30 to $5.75. Q1 EPS of $0.82 vs. $0.27, beat the consensus view by $0.12. GE Aerospace orders rose 34% Y/Y, with roughly similar growth rates in both CES (commercial aerospace) and DPT (defense) segments. We see CES as benefiting from demand for commercial aircraft, both for new planes as well as for servicing older aircrafts. Q1 revenues in CES rose 16%, benefiting from pricing traction and volume growth. GE is also working with key

JP Morgan analyst Seth Seifman upgrades General Electric (NYSE:GE) from Neutral to Overweight and raises the price target from $166 to $180.

JPMorgan says General Electric has proven itself as the premier large-cap name in commercial aerospace in terms of where it stands in the business cycle, its balance sheet and management team. The analysts raise GE’s rating to overweight from neutral noting that the stock has already outperformed the broader market by 22% year-to-date. “Valuation is an obstacle for the stock but it is the only obstacle for us right now and instead of trying to time the market, we are overweight on the stock,” the analysts say.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $174, up $34, reflects a 29x multiple applied to our 2025 EPS estimate, in line with GE’s aerospace peers. We lift our 2024 EPS estimate by $0.09 to $4.58 and 2025’s by $0.17 to $5.99. The spinoff of GE’s renewables and power unit, GE Vernova, has now been officially slated for April 2, 2024, and GE will be a pure-play aerospace firm thereafter. We like GE’s prospects as a key supplier to a commercial aerospace industry that has considerable pent-up demand for new planes. However, we do see some risk for GE, notably its reliance on major original equipment manufacturer The Boeing Company (BA 200 **). In our view, BA is facing a bit of a high wire act, trying to iron

General Electric’s (GE) valuation is expected to receive a boost from the improving free cash flow of its renewable energy business, GE Vernova, BofA Securities said in a report Thursday. The brokerage maintained its buy rating on the stock as it raised its price target to $175 from $162, taking into account GE Vernova’s “better FCF trajectory” and GE Aerospace’s revenue growth visibility. GE Vernova, which is expected to spin off from GE on April 2, reaffirmed its full-year 2024 outlook on Wednesday for revenue of $34 billion to $35 billion, with an adjusted EBITDA margin being at the higher end of the mid-single digit range. The guidance looks conservative as GE Vernova’s backlog “provides a high degree of visibility, with [about] 50% of 2025 revenue already in the backlog,” BofA said. “The pending spinoff of Vernova creates a catalyst for re-rating over time. Over the medium term, improving FCF