Key Takeaways
- GE Aerospace is set to report fourth-quarter results before markets open Thursday, and analysts are bullish on the maker of airplane engines and other parts.
- This will be the company’s third full quarter since conglomerate General Electric split into three companies.
- GE Aerospace’s stock fell following its last report.
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.
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