GE Aerospace stock surges on strong Q4 earnings, projecting double-digit growth in 2025. Click here to find out why I rate GE stock a Buy.
GE Aerospace shares jumped Thursday after the company reported better-than-expected fourth-quarter results and issued an upbeat revenue outlook. Monitor these key chart levels.
GE Aerospace expects 2025 profit of $5.10 to $5.45 per share, compared with analysts' average estimate of $5.23, according to data compiled by LSEG. It reported an adjusted profit of $1.32 per share, beating analysts' average expectations of $1.04.
2024 was the first year GE Aerospace has posted results as an independent business, following the break-up of the GE conglomerate. GE Aerospace was listed in the New York Stock Market (using the symbol ‘GE’) in April 2024 after it was spun-off by GE Vernova, which includes the energy-related businesses of the former GE conglomerate.
GE Aerospace reported better-than-expected fourth-quarter earnings on Thursday. The 2025 outlook from the company looked solid too. Investors don’t have much to complain about. Shares were rising after the results were released.
GE Aerospace appears well on its way to accomplishing a goal it set during its launch as a standalone company last year.
GE Aerospace is slated to report fourth-quarter results before markets open Thursday, and analysts are bullish on the maker of airplane engines and other parts.
In a report released yesterday, Ronald Epstein from Bank of America Securities maintained a Buy rating on GE Aerospace (GE – Research Report),
Jason Sum, an analyst from DBS, maintained the Buy rating on GE Aerospace (GE – Research Report). The associated price target was raised to
General Electric (NYSE:GE), a multinational conglomerate with a significant presence in the aerospace industry, has been attracting attention from investors and analysts alike due to its recent financial performance and future prospects.
GE Aerospace is forecast to report nearly $35 billion in annual sales for 2024, clearing the way fo be the region’s next Fortune 500.