Latest news with #GE
Business Insider
a day ago
- Business
- Business Insider
GE Earnings: GE Aerospace Stock Jumps as Q2 Earnings Beat Estimates
GE Aerospace (GE) stock jumped on Thursday after the American aircraft company reported its Q2 2025 earnings. It started with adjusted earnings per share of $1.66, which beat Wall Street's estimate of $1.43. It also represented a 38% year-over-year increase from $1.20. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Revenue reported by GE Aerospace was $11.02 billion, compared to analysts' estimate of $9.59 billion. The company's revenue also rose 21% from the $9.09 billion reported in Q2 2024. GE Aerospace Chairman and CEO H. Lawrence Culp, Jr., highlighted 'free cash flow nearly doubling and more than 20% growth in orders, revenue, operating profit, and EPS.' GE stock was up 0.26% in pre-market trading on Thursday, following a 0.57% gain yesterday. This extended the company's 60.12% year-to-date rally and 67.23% climb over the past 12 months. GE Aerospace Outlook GE Aerospace updated its outlook in this earnings report. It now expects 2025 adjusted EPS to range from $5.60 to $5.80, compared to its previous guidance of $5.10 to $5.45. The company also raised its adjusted revenue growth guidance to be in the mid-teens instead of the low double digits. Wall Street's estimates include adjusted EPS of $5.57 and revenue of $39.72 billion in 2025. GE Aerospace also raised its guidance for 2028 in its latest earnings report. It predicts adjusted EPS of approximately $8.40, alongside double-digit CAGR from 2024 to 2028. It hadn't previously provided an EPS estimate for this period, and its prior CAGR guidance was for a high-single-digit increase between 2025 and 2028. Is GE Aerospace Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for GE Aerospace is Strong Buy, based on 12 Buy and one Hold rating over the past 12 months. With that comes an average GE stock price target of $250.20, representing a potential 5.97% downside for the shares. These ratings and price targets will likely change as analysts update their coverage after today's earnings report.
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Business Standard
2 days ago
- General
- Business Standard
What are engine fuel switches at the centre of Air India crash probe
According to the flight recorder, a few seconds after takeoff, switches for both engines transitioned to 'CUTOFF' from 'RUN' one after another with a time gap of one second Reuters NEW DELHI A cockpit recording of dialogue between the two pilots of the Air India flight that crashed last month supports the view that the captain cut the flow of fuel to the plane's engines, said a source briefed on US officials' early assessment of evidence. Below are a few facts about engine fuel switches, their functions in the aircraft and their movements on the Air India flight. What are fuel switches? They are switches that regulate fuel flow into a plane's engines. They are used by pilots to start or shut down engines on the ground or to manually shut down or restart engines if an engine failure occurs during a flight. Aviation experts say a pilot would not be able to accidentally move the fuel switches that feed the engines. But if moved, the effect would be immediate, cutting off engine power. There are independent power systems and wiring for the fuel cutoff switches and the fuel valves controlled by those switches, according to US aviation safety expert John Cox. Where are the fuel switches located? The two fuel control switches on a Boeing 787, in Air India's case equipped with two GE engines, are located below the thrust levers. The switches are spring-loaded to remain in position. To change one from run to cutoff, a pilot has to first pull the switch up and then move it from run to cutoff or vice versa. There are two modes: 'CUTOFF' and 'RUN'. What happened on the fatal Air India flight? According to the flight recorder, a few seconds after takeoff, switches for both engines transitioned to 'CUTOFF' from 'RUN' one after another with a time gap of one second. As a result, the engines began to lose power. One pilot was heard on the cockpit voice recorder asking the other why he cut off the fuel. "The other pilot responded that he did not do so," the report said. The report did not identify which remarks were made by the flight's captain and which by the first officer. The first officer was at the controls of the 787 and asked the captain why he moved the fuel switches into a position that starved the engines of fuel and requested that he restore the fuel flow, the source briefed on US officials' early assessment told Reuters. Both switches were flipped back to 'RUN', according to the preliminary report, and found in the 'RUN' position at the crash site. When fuel control switches are moved from 'CUTOFF' to 'RUN' while the aircraft is in flight, each engine's control system automatically manages a relight and thrust recovery sequence of ignition and fuel introduction, the report said. "No sane pilot would ever turn those switches off in flight," especially as the plane is just starting to climb, US aviation safety expert John Nance said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Yahoo
2 days ago
- Business
- Yahoo
Why GE Aerospace (GE) Stock Is Trading Up Today
What Happened? Shares of industrial conglomerate GE Aerospace (NYSE:GE) jumped 4.7% in the pre-market session after the company reported second-quarter earnings that beat analyst expectations and raised its full-year financial guidance. The aerospace giant announced impressive second-quarter results, with adjusted earnings of $1.66 per share on revenue of $11.0 billion. These figures comfortably surpassed Wall Street's consensus estimates of $1.43 per share and $9.59 billion in revenue. The strong performance was driven by a 30% revenue surge in its Commercial Engines & Services division, fueled by robust growth in both services and equipment sales. Buoyed by the strong quarter and a positive outlook for the commercial services market, GE Aerospace raised its full-year 2025 forecast. The company now expects adjusted earnings per share to be in the range of $5.60 to $5.80, up from its previous guidance. It also lifted its revenue growth projection from low-double-digits to mid-teens. Furthermore, the company boosted its long-term outlook for 2028, projecting higher operating profit and free cash flow. After the initial pop the shares cooled down to $263.44, down 1.1% from previous close. Is now the time to buy GE Aerospace? Access our full analysis report here, it's free. What Is The Market Telling Us GE Aerospace's shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 6 months ago when the stock gained 9.4% on the news that the company reported strong fourth-quarter results, which blew past analysts' revenue estimates amid improved demand for spare parts, commercial engines, and services. Growth accelerated during the quarter as orders rose by 46% compared to the previous year. The improved demand and pricing enabled the company to grow its cash flow and report earnings ahead of analysts' expectations. Guidance was also encouraging, with the company expecting double-digit revenue and EPS growth (in line with consensus) in FY 2025, with greater than 100% free cash flow conversion. Management also highlighted the focus on returning some of the value generated to shareholders after announcing a $7B stock buyback program and a 30% dividend increase. Overall, this was an impressive quarter. GE Aerospace is up 56.3% since the beginning of the year, and at $263.44 per share, it is trading close to its 52-week high of $266.18 from July 2025. Investors who bought $1,000 worth of GE Aerospace's shares 5 years ago would now be looking at an investment worth $4,658. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
2 days ago
- Business
- Yahoo
GE Aerospace (GE) Tops Q2 Earnings and Revenue Estimates
GE Aerospace (GE) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.08%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $1.26 per share when it actually produced earnings of $1.49, delivering a surprise of +18.25%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. GE, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $10.15 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $8.22 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. GE shares have added about 59.6% since the beginning of the year versus the S&P 500's gain of 6.5%. What's Next for GE? While GE has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for GE was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.37 on $10.14 billion in revenues for the coming quarter and $5.55 on $39.37 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Howmet (HWM), another stock in the same industry, has yet to report results for the quarter ended June 2025. The results are expected to be released on July 31. This maker of engineered products for the aerospace and other industries is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +29.9%. The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level. Howmet's revenues are expected to be $1.99 billion, up 5.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Campaign ME
2 days ago
- Business
- Campaign ME
Waleed Isaac to join NEP Group as President for Middle East, Asia
NEP Group has appointed Waleed Isaac to join the company as President for its operations in the Middle East and Asia regions. Isaac will start his new role on 1 August, bringing a wealth of expertise to the company as it aims to grow and invest in the region to support broadcasters, sports leagues, rights holders and content producers of local and global major broadcast productions and live events. 'I couldn't be more pleased that Waleed has accepted the role of President for our growing Middle East and Asia region, and that he will oversee our teams based in the UAE, KSA, India and Singapore,' said Martin Stewart, CEO of NEP. 'He brings a tremendous level of executive leadership experience and understanding of the region, which will be instrumental as we seek to drive sustainable, profitable growth through technological innovation, operational excellence, and strong relationships.' Based in Dubai, his experience covers both market and cultural insights from his work across the Middle East, India and Singapore, as well as internationally in cities ranging from Atlanta to London to Paris, along with many others. His previous work has included industries such as energy, infrastructure and oil and gas alongwith global corporations such as GE, BrandSafway, and, most recently, Loxam Group, where he served as Regional COO for the Middle East since 2022. He has also worked with businesses that support the media industry. 'I am thrilled to join NEP as we continue to build upon the momentum and investment we have made across the region,' Isaac said on his appointment. 'I've been listening to the market and am very much looking forward to bringing NEP's tailored, cutting-edge solutions and expertise to our customers to meet their unique needs.' He also said he will focus on 'empowering and resourcing our teams as I begin my new role, so our people continue to deliver at the highest level for our customers.' An electrical engineer by training and an MBA, NEP Group claims Isaac's experience encompasses an understanding of both the operational and commercial sides of business. He is fluent in three languages: English, Arabic and French. Upon his official start, Isaac will join the NEP Media Services Executive Team, and he will spend his first months getting to know NEP's teams as well as meeting with key customers. In September, he will join the NEP global team at the IBC Show in Amsterdam.
