What Analysts Think of GE Aerospace Stock Ahead of Earnings | Global News Avenue

General Electric Aerospace (GEGeneral Electric) is set to report fourth-quarter results Thursday morning, and analysts are bullish on the maker of aircraft engines and other parts.

All nine analysts tracked by Visible Alpha who rate the stock said Think of it as a “buy.” stock average price target The price is $211.67, 16% higher than the $182.85 it entered trading on Tuesday.

GE Aerospace is expected to release net income $1.2 billion, or $1.10 per shareexist income According to estimates by Visible Alpha, the project is worth $10.12 billion. A year ago, when the company was part of General Electric Group, it had profits of $1.6 billion on revenue of $8.52 billion.

The report will be the third since GE became three independent companies, with GE Vernova (GEV) has been spun off April 2024 and GE Healthcare (GEHC) have been separated before. GE Vernova will report fourth-quarter results on Wednesday, and GE HealthCare will report on February 13.

GE Aerospace shares fall after third-quarter report

The engine maker’s shares fell after October third quarter reportas revenue from its commercial engines and defense and propulsion segments missed expectations.

GE Aerospace shares have increased by about a third since the spinoff of GE Vernova last April.