The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Power equipment maker GE Vernova reported higher third-quarter revenue on Wednesday as strong demand for power and electrification equipment and services helped offset weakness in the wind business.
Investors may want to consider buying the dip in General Electric NYSE: GE because of its improved operational quality and aerospace industry position. The company has worked hard with its transformation and is a leaner, meaner machine with a widening margin and solid cash flow.
GE's third-quarter 2024 results reflect a 6% y/y increase in revenues, driven by the solid performances of its segments.
Goldman Sachs analyst Noah Poponak expresses their view on GE Aerospace‘s GE third-quarter 2024 results.
Investors were caught off guard by a report of weaker-than-expected revenue.
GE Aerospace shares plunged despite the aircraft engine supplier's third quarter financial performance exceeding expectations and it raising its full year earnings guidance. For the quarter, GE Aerospace reported adjusted revenue of $9.84 billion, up 6% year-over-year and ahead of estimates of $9.02 billion.
Week Opens With Markets on a Pullback Mode.
General Electric Company (NYSE:GE ) Q3 2024 Earnings Conference Call October 22, 2024 7:30 AM ET Company Participants Blaire Shoor - Investor Relations Lawrence Culp - Chairman and CEO Rahul Ghai - Senior Vice President and Chief Financial Officer Conference Call Participants David Strauss - Barclays Douglas Harned - Sanford C. Bernstein & Co. Robert Stallard - Vertical Research Myles Walton - Wolfe Research Sheila Kahyaoglu - Jefferies Ronald Epstein - Bank of America Seth Seifman - JPMorgan Scott Deuschle - Deutsche Bank Gautam Khanna - TD Cowen Ken Herbert - RBC Capital Markets Noah Poponak - Goldman Sachs Operator Good day, ladies and gentlemen, and welcome to the GE Aerospace Third Quarter 2024 Earnings Conference Call.
This week is bringing plenty of corporate earnings reports.
GE Aerospace beats earnings expectations but its largest business, commercial engines, missed revenue expectations and the stock pulled back from a 17-year high
GM surpasses Q3 expectations and raises 2024 earnings forecast, driven by strong North American sales and higher vehicle prices. Read the full analysis.