GE Aerospace Set to Report Q4 Earnings Amid Analyst Optimism

CINCINNATI, Ohio — GE Aerospace is scheduled to release its fourth-quarter earnings report Thursday morning, with analysts expressing optimism about the performance of the airplane engine and parts manufacturer. The company, which became an independent entity following the breakup of General Electric, is expected to post strong financial results.

According to Visible Alpha estimates, GE Aerospace is projected to report a profit of $1.2 billion, or $1.10 per share, on revenue of $10.12 billion. This marks a significant improvement from the same period last year, when the company, still part of General Electric, recorded $1.6 billion in profit on $8.52 billion in revenue.

All nine analysts tracked by Visible Alpha who rate the stock have issued bullish forecasts, with an average price target of $211.67. This represents a 16% increase from the stock’s closing price of $182.85 on Tuesday.

The upcoming earnings report will be GE Aerospace’s third since General Electric split into three separate companies. GE Vernova, which focuses on energy, and GE HealthCare, specializing in medical technology, were spun off earlier. GE Vernova is set to report its fourth-quarter results Wednesday, while GE HealthCare will release its earnings on Feb. 13.

Despite the positive outlook, GE Aerospace’s stock experienced a decline following its previous earnings report, as revenue from its commercial engines and defense and propulsion segments fell short of expectations. However, the company’s shares have gained approximately one-third of their value since the spinoff of GE Vernova in April 2023.

Investors and analysts will be closely watching the earnings call for insights into the company’s performance and future outlook, particularly in light of ongoing challenges in the aerospace and defense sectors.