Is a Beat in the Offing for GE Aerospace in Q3 Earnings?
GE Aerospace (NYSE: GE) is scheduled to report third-quarter 2024 results on Oct. 22, before market open.
The Zacks Consensus Estimate for its third-quarter earnings has increased 1.8% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 26.7%.
Let’s see how things have shaped up for GE Aerospace this earnings season.
Factors Likely to Have Shaped GE’s Quarterly Performance
GE Aerospace is expected to have benefited from a growing installed base and the higher utilization of engine platforms across commercial and defense end markets in the third quarter. Solid demand for LEAP, GEnx & GE9X engines and related services, supported by growth in air traffic, fleet renewal and expansion activities, is likely to have boosted GE’s top-line performance.
Growing popularity for the company’s propulsion & additive technologies, critical aircraft systems and aftermarket services in the defense sector is likely to have supported the Defense & Propulsion Technologies business’ performance. Rising U.S. & international defense budgets, positive airline & airframer dynamics and robust demand for commercial air travel are anticipated to have boosted GE’s performance in the third quarter.
The company has also been making investments to expand and upgrade manufacturing facilities in the United States and overseas. These investments are likely to have enabled GE Aerospace to boost its operational capacities and cater to the increased demand from …
Full story available on Benzinga.com