General Electric GE announces its next round of earnings Friday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.
Earnings and Revenue
Analysts expect General Electric earnings of 17 cents per share. Revenue will likely be around $29.39 billion, according to the consensus estimate.
General Electric EPS in the same period a year ago totaled 28 cents. Revenue was $29.61 billion. The Wall Street consensus estimate for earnings would represent a 39.29 percent decrease for the company. Revenue would have fallen 0.75 percent from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
EPS Estimate | 0.12 | 0.29 | 0.49 | 0.25 |
EPS Actual | 0.16 | 0.27 | 0.29 | 0.28 |
Stock Performance
Over the last 52-week period, shares are down 48.73 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts seem to have settled on a Neutral rating with General Electric. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. General Electric's Q2 conference call is scheduled to begin at 8:30 a.m. ET.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.