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General Electric (NYSE:GE) Reports Early Friday, What To Expect

Posted by: : Paul EbelingPosted on: October 16, 2014 General Electric (NYSE:GE) Reports Early Friday, What To Expect

General Electric (NYSE:GE) Reports Early Friday, What To Expect

General Electric Company (NYSE: GE) will report Q-3 earnings before the market opens Friday. While creating an earnings preview in the midst of a sell-off is less important than some other information, particpants should note that GE has held up over the last few days better than many of its peers.

The Big Q: Does this mean maybe that GE will have good earning?

The Big A: we will not know until Friday.

Thomson Reuters has consensus estimates for General Electric’s earnings of 0.37 in EPS, and $36.79-B in revenue, Q-3 from the prior year reported earnings of 0.36 in EPS, and $35.72-B in revenue. The Q-4  has consensus estimates of 0.57 in EPS, and $41.56-B in revenue.

General Electric also made moves this Quarter to acquire the world’s largest helicopter-leasing company, by fleet value, for $1.775-B. The helicopters are generally leased to fly workers and supplies to Oil platforms, emergency medical services, and search and rescue.

The transaction should be completed in Y 2015. This is after reaching a deal to sell GE Appliances and on the exit of consumer finance.

Shares of General Electric have dropped approximately 1.7% over the course of  Q-3. The range for the Quarter was 24.75 – 27.15.

On Wednesday, shares of General Electric fell 1% to 23.86.

The company’s stock has a consensus analyst price target of 29.27 Vs.a 52-week range of 23.90 – 28.09. It has a market cap of $243-B.

HeffX-LTN Analysis for GE: Overall Short Intermediate Long
Neutral (-0.22) Neutral (-0.17) Bearish (-0.46) Neutral (-0.03)

Stay tuned…


Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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