GE Stock Recent News

GE Aerospace (NYSE: GE) recently reported its Q4 results, with revenues and earnings well ahead of the street estimates. The company reported revenue of $9.9 billion and adjusted earnings of $1.32 per share, compared to the consensus estimates of $9.5 billion and $1.04, respectively.

For the fourth quarter, Wall Street is looking for earnings per share of $1.38 from sales of $20.5 billion, according to FactSet.

Able to crush Q4 earnings expectations last Thursday, let's see if it's time to buy GE Aerospace (GE) stock for more upside.

DeepSeek, a Chinese start-up, raises questions about the growth of AI's demand for power.

As the first earnings cycle of 2025 is ramping up, so are the announcements of new share buyback authorizations. Among these announcements, three big-name U.S. stocks stick out so far, all of which also posted impressive Q4 2024 earnings.

I have a buy rating on Portland General Electric (POR) due to its attractive valuation and compelling forward yield just shy of 5%. Despite risks from natural disasters and congestion costs, POR's low 13.1x forward P/E ratio and potential for a bounce make it a 'buy the dip' opportunity. POR's Q3 results were strong, with GAAP EPS of $0.90 and revenue of $929 million, driven by industrial load growth and better wholesale power prices.

The Mag-7 may dominate headlines, but I focus on dividend winners with proven resilience and growth potential to thrive in any market. My two picks stand out for their strong fundamentals, reliable dividends, and ability to capitalize on long-term trends in their industries. These stocks are perfect for investors seeking steady income and compounding wealth, offering a superior alternative to overhyped tech giants.

Upgraded GE Aerospace to 'Strong Buy' with a fair value of $250 per share due to robust order growth and strong FY25 guidance. Significant investments in the LEAP engine program and MRO facilities are key drivers of sustained growth in commercial engines and defense markets. FY25 revenue projected to grow by 12.5%, driven by Commercial Engines & Services and Defense & Propulsion Technologies segments.

General Electric Company (NYSE:GE ) Q4 2024 Results Conference Call January 23, 2025 7:30 AM ET Company Participants Blaire Shoor - Head of Investor Relations Larry Culp - Chairman and Chief Executive Officer Rahul Ghai - Chief Financial Officer Conference Call Participants Scott Deuschle - Deutsche Bank Myles Walton - Wolfe Research Ron Epstein - Bank of America Sheila Kahyaoglu - Jefferies Doug Harned - Bernstein Robert Stallard - Vertical Research Seth Seifman - JPMorgan David Strauss - Barclays Jason Gursky - Citi Gavin Parsons - UBS Robert Spingarn - Melius Research Operator Good day, ladies and gentlemen, and welcome to the GE Aerospace Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

I rate GE Vernova a buy, driven by surging power demand from data centers, AI adoption, and electrification, positioning GEV to benefit from energy infrastructure investments. GEV's 4Q24 earnings were strong, with total revenue of $10.56 billion, 85% adj EBITDA growth, and double-digit adj EBITDA margins, despite challenges in the Wind segment. GEV is uniquely positioned to meet large-scale energy demands with its power generation, grid modernization, and renewable energy solutions, supported by a robust backlog and customer confidence.