General Electric (GE) often seen as bellwether for the U.S. economy and just like the economy the stock is floundering near 2015 levels and is the second worst performer in the Dow this year. $GE reports Q217 earnings before the open Friday.
General Electric (GE) is a bellwether for the U.S. economy and just like the economy the stock is floundering near 2015 levels. Some blame is on the Bakers Hughes takeover as peers such as Honeywell (HON), 3M (MMM) and United Technologies (UTX) challenge all time highs. This last earnings report for CEO Jeff Immelt, he will be replaced by John Flannery becomes the industrial titan’s first new CEO in 16 years on Aug. 1. Investors will be keen to hear of the plans moving forward.
Earnings Estimates: Consensus estimates are for earnings per share (EPS) of 25 cents. This would be a fall of 51%. Revenue is seen falling 13% to $29.12 billion.
What to Look For:
- Cash flow after last quarter turning negative and a $1 billion worse than GE had expected.
- Oil & Gas Segment, Baker Hughes merger was completed on July 7
- Organic Revenue
- Industrial Orders
- Reports from the Paris airshow for the aviation segments
- Buyback Program (especially with cash flow issues)
- Jeff Immelt’s passing comments
General Electric Company NYSE: GE
Jul 20 Close 26.69 –0.26 (-0.96%)
| Market cap | 231.60B |
| P/E ratio | 24.6 |
| Dividend yield | 3.61% |
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