Earnings Watch: GE Hopes To Rebound
Estimize | Jul 19, 2018 01:58PM ET
General Electric (NYSE:GE) will report its FQ2’18 earnings before the market opens on Friday. Estimize consensus projects an EPS of $0.19, a 31% decrease (YoY) and one cent higher than Wall Street’s prediction. Estimize has been more accurate than Wall Street in GE EPS predictions 69% of the time. We expect a revenue of $29.967B, a 1% YoY growth, while Wall Street projects $29.823B.
This has been a very difficult year for GE, the stock price has decreased by almost 50%, they have hired new leadership, and cut their dividend in half. Recently, General Electric has announced an expanded partnership with Microsoft (NASDAQ:MSFT) to provide operational and information technology to companies to help them adapt to a more digital world. The company’s new management has been successfully turning the company around. They have decided to only focus on aviation, power and renewable energy. Streamlining their priorities will help the company reduce its debt and reduce operating costs.
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