What Analysts Think of GE Aerospace Stock Ahead of Earnings

Key Takeaways

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
it as a “buy.”
The stock’s average
price target
is at $211.67, which 16% higher than its level of $182.85 entering trading Tuesday.

GE Aerospace is expected to post
net income
of $1.2 billion, or $1.10
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
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
third-quarter report in October
, as revenue in its commercial engines and defense and propulsion segments fell short of expectations.

GE Aerospace shares have added about a third of their value since the spinoff of GE Vernova last April.

Read the original article on
Investopedia