Earnings from General Electric Company [GE] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
GE Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.01 per share on revenue of $17.52B. Taking a look at the future, the company is projected to report revenue of $18.16B at an earnings per share of $0.03 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 6.50% in revenue and 110.25% in earnings per share for the company.
GE Stock Earnings Forecast For The Current Year
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
For the full financial year, General Electric Company [NYSE:GE] is forecasted to generate revenue of $78.29B. The figure is about $-1.33 billion below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.24 in 2021, which is $0.23 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 2,300.00% this year, 112.50% next year, and 322.80% annually over the next five years. With regard to sales, forecasts suggest a decline of -1.70% in current fiscal year and 6.50% over following year.
GE Stock Price Performance
At the close of Monday’s session, General Electric Company [NYSE:GE] finished up 0.15% at $13.57. The stock’s highest single-day price was $14.00, and its lowest was $13.55. Its price rose 0.82% in the last five days. Since the beginning of the year, General Electric Company’s shares are up nearly 25.65%. However, the share price is -5.86% below its one year high. The top price reached by the shares of the company was $14.41 on 03/09/21, while the 52-week low came on 01/04/21, when the shares were $10.40. In the past year, shares of the company have risen 116.77%. At 50 days, the moving average achieved is $13.09 while at 200 days, the moving average is $9.61. There were 93.13 million shares traded in the last session, up from 1.38 million in the previous session.
General Electric Company [NYSE:GE] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 22.69, General Electric Company [GE] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 27.29 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.48 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.56 for the industry, which means GE offers an attractive investment opportunity than its competitors do.
GE Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 13.57 level, and the violation of this level will cause a further drop to 13.41 level. At the upper end, 14.31 remains a key resistance. As the stock increases, it may find resistance at 14.16. In the 14-day chart, the Relative Strength Index standing at 56.05 suggests a technical neutral stance while the MACD standing at 0.05 indicates price will decrease in the next trading period. Stochastic %K at 66.33% suggests holding the stock while Percent R indicator at 34.96% suggests low price movement.
How much is the short interest in General Electric Company?
There have been a drop in short interest in the General Electric Company Financial stock, with short interest up by 21.63 million shares to 77.33 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 98.96 million shares. This -27.97% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.13% of the overall float in the stock, while the stock’s days to cover moved to 0.97.
How do analysts view General Electric Company?
In regard to the share price forecast for General Electric Company stock, the analysts, as surveyed by FactSet, forecast the price to reach $14.50 in the next twelve months, representing almost an 6.41% growth from its recent price of $13.57. Among General Electric Company stock projections, $18.00 is the highest analyst target for the stock, while $5.00 is the lowest. Despite this, 20 analysts who share their consensus rating for GE in 2021 agree that the stock is an Overweight. The latest rating change took place on 3/11/21, when Deutsche Bank Ratings launched coverage of the stock at “Hold” and assigned a price target of $14.0.