In This Article:
We recently published a list of 10 Stocks Expected To Post Impressive Earnings This Week. In this article, we are going to take a look at where GE Aerospace (NYSE:GE) stands against other stocks expected to post impressive earnings this week.
The earnings season is in full flow as we kick off the week with earnings from big names like Netflix and United Airlines. Most of the big names are expecting a positive earnings report with some even hitting 52-week highs in anticipation of the upcoming earnings.
The S&P is up 0.5% while the Dow is about to hit the 1% mark, reflecting the positive sentiment among the US traders. We decided to compile a list of the top names scheduled to announce their earnings this week, looking at what was driving the optimism behind their earnings.
To come up with the list of 10 stocks expected to post impressive earnings this week, we only considered stocks with a market cap of over $30 billion that are scheduled to announce their earnings this week.
A technician in a power station monitoring the flow of energy generated by a gas turbine.
GE Aerospace (NYSE:GE)
GE Aerospace (NYSE:GE) is a supplier of electric power, commercial and defense aircraft engines, mechanical aircraft systems, and integrated engine components. GE Aerospace (NYSE:GE) showed a solid performance in the third quarter with an overall 28% increase in orders.
There was a 6% rise in revenue mainly due to improvements in equipment and services. According to FactSet data, analysts expect EPS growth of 22% and 20% in 2025 and 2026 respectively. It generates 70% of its revenue from aftermarket services, a reliable growth area.
Moreover, GE Aerospace (NYSE:GE) has a 0.6% dividend yield which is low but it plans to allocate $25 billion to shareholders through dividends and buybacks. The stock has gained 7% in the last 5 days in anticipation of an earnings beat.
Overall, GE ranks 5th on our list of stocks expected to post impressive earnings this week. While we acknowledge the potential of GE as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as GE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.