From Nasdaq:

General Electric Company is set to report fourth-quarter 2023 results on Jan 23, before market open. Analysts expect a decrease in earnings, but GE has consistently outperformed estimates in the past. Factors including robust aerospace and renewables segments are expected to have boosted performance, but raw material cost inflation and forex issues may have impacted results negatively in the fourth quarter.

The Zacks Consensus Estimate for GE’s fourth-quarter 2023 revenues is $17,767 million, indicating an 18.5% decline from the year-ago reported number, but with a sequential growth of 7.5%. GE is expected to beat earnings expectations this quarter based on a positive Earnings ESP and a Zacks Rank of 2. In the previous quarter, GE reported adjusted earnings of 82 cents per share, which increased 134.3% year over year.

Analysts also recommend considering other companies in the industry, such as ITT Inc., Danaher Corporation, and 3M Company, which have the potential to beat earnings expectations this reporting cycle.ITT Inc. will release fourth-quarter 2023 results on Feb 8, Danaher Corporation on Jan 30, and 3M Company on Jan 23. These companies have historically surpassed earnings estimates. Analysts are optimistic about their future performance.



Read more: Can General Electric (GE) Q4 Earnings Beat on Aerospace Boost?