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 stock surges on strong Q4 earnings, projecting double-digit growth in 2025. Click here to find out why I rate GE stock a Buy.
Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it was going to buy back more stock and boost its dividend by 30%.
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.
JPMorgan raised the firm’s price target on GE Aerospace (GE) to $210 from $190 and keeps an Overweight rating on the shares. The company’s Q4
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.
GE Aerospace (GE) is set to announce Q4 earnings, with analysts focused on engine deliveries, margins, and aftermarket growth outlook.
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.