GE Aerospace Prepares to Report Third-Quarter Earnings as Revenue Growth Slows
GE Aerospace (GE) is scheduled to release its third-quarter financial results on Tuesday morning. Wall Street expects the company to post year-over-year revenue growth of 13.7%, which represents a deceleration from the 26.4% expansion recorded in the prior-year period. Ahead of the report, the stock traded at $313.80, up 0.59% for the day.
The upcoming report follows a strong second quarter in which GE Aerospace generated $12.63 billion in revenue—a 24.5% year-over-year increase—and raised its full-year earnings expectations. Over the last 30 days, analysts covering the industrial manufacturer have largely maintained their forecasts. However, the company has missed quarterly revenue estimates several times over the past two years, making top-line performance a key area of focus for investors.
Market attention remains focused on broader industrial sector trends and economic conditions. While the broader industrial machinery peer group has declined 5.7% on average over the past month, GE Aerospace shares have slipped 1.6% during the same span. Investors will be watching Tuesday's results to see if the company can maintain its momentum and meet Wall Street targets, against an average analyst price target of $391.19.
Key points
- Wall Street projects GE Aerospace third-quarter revenue to grow 13.7% year over year, down from 26.4% growth in the same period last year.
- Analysts have generally held their estimates steady over the last 30 days heading into Tuesday's morning earnings report.
- In the previous quarter, GE Aerospace delivered $12.63 billion in revenue, representing a 24.5% year-over-year increase.
- GE Aerospace shares are down 1.6% over the last month, while the industrial machinery group fell 5.7% on average.
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When does GE Aerospace report third-quarter earnings?
GE Aerospace is scheduled to report its quarterly financial results on Tuesday morning.
What are analysts expecting for GE Aerospace revenue growth?
Analysts expect third-quarter revenue to grow 13.7% year over year, compared to 26.4% growth in the same quarter last year.
What is the average price target for GE Aerospace stock?
Wall Street analysts have an average price target of $391.19 for GE Aerospace shares.