On Wednesday morning, General Electric (NYE:GE) provided an update on its earnings guidance for FY 2023. The company gave an EPS guidance range of $1.60 to $2.00 for the period, which falls short of the consensus EPS estimate of $1.94. However, the company did not provide any revenue guidance.
The stock of General Electric opened at $91.17 on Wednesday and has a 1-year low of $46.55 and a 1-year high of $94.94. The company has a current ratio of 1.16, a quick ratio of 0.86, and a debt-to-equity ratio of 0.76. It has a market capitalization of $99.31 billion, a price-to-earnings ratio of -3,039.00, a PEG ratio of 6.66, and a beta of 1.25. The company’s fifty-day moving average price is $81.95, and its two-hundred-day moving average price is $78.46.
Analyst Predictions
In its last quarterly earnings results on Tuesday, January 24th, General Electric (NYE:GE) reported earnings per share of $1.24 for the quarter, beating the consensus estimate of $1.11 by $0.13. The company’s revenue during the quarter was $21.79 billion, falling short of the analyst estimates of $22.11 billion. The net margin for General Electric was 0.29%, and the return on equity was 8.47%. However, the company’s revenue for the quarter was up by 7.3% on a year-over-year basis, and during the same quarter in the prior year, the company earned $0.92 earnings per share. Analysts predict that General Electric will post an EPS of 1.95 for the current fiscal year.
General Electric Stock Analysis
According to 21 analysts’ forecasts on General Electric Company’s stock, the average analyst target price for the company over the next 12 months is expected to be USD 88.41. The average analyst rating for General Electric Company is “Strong Buy.” However, Stock Target Advisor’s own analysis on the company’s stock is “Slightly Bearish,” based on 4 positive signals and 9 negative signals. As of the last closing, General Electric Company’s stock price was USD 91.17. Over the past week, the company’s stock price has increased by +5.53%, over the past month by +9.13%, and over the last year, it has decreased by -1.38%.
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