We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
General Electric (GE) Flat As Market Sinks: What You Should Know
Read MoreHide Full Article
In the latest trading session, General Electric (GE - Free Report) closed at $7.29, marking no change from the previous day. This change was narrower than the S&P 500's 1.63% loss on the day. Elsewhere, the Dow lost 1.44%, while the tech-heavy Nasdaq lost 1.65%.
Heading into today, shares of the industrial conglomerate had gained 3.4% over the past month, lagging the Conglomerates sector's gain of 5.8% and outpacing the S&P 500's gain of 2.86% in that time.
Investors will be hoping for strength from GE as it approaches its next earnings release, which is expected to be October 28, 2020. The company is expected to report EPS of -$0.08, down 153.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $19.15 billion, down 18.02% from the year-ago period.
GE's full-year Zacks Consensus Estimates are calling for earnings of -$0.04 per share and revenue of $79.48 billion. These results would represent year-over-year changes of -106.15% and -24.82%, respectively.
Any recent changes to analyst estimates for GE should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 12.5% higher within the past month. GE is holding a Zacks Rank of #3 (Hold) right now.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Electric (GE) Flat As Market Sinks: What You Should Know
In the latest trading session, General Electric (GE - Free Report) closed at $7.29, marking no change from the previous day. This change was narrower than the S&P 500's 1.63% loss on the day. Elsewhere, the Dow lost 1.44%, while the tech-heavy Nasdaq lost 1.65%.
Heading into today, shares of the industrial conglomerate had gained 3.4% over the past month, lagging the Conglomerates sector's gain of 5.8% and outpacing the S&P 500's gain of 2.86% in that time.
Investors will be hoping for strength from GE as it approaches its next earnings release, which is expected to be October 28, 2020. The company is expected to report EPS of -$0.08, down 153.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $19.15 billion, down 18.02% from the year-ago period.
GE's full-year Zacks Consensus Estimates are calling for earnings of -$0.04 per share and revenue of $79.48 billion. These results would represent year-over-year changes of -106.15% and -24.82%, respectively.
Any recent changes to analyst estimates for GE should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 12.5% higher within the past month. GE is holding a Zacks Rank of #3 (Hold) right now.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.