What Analysts Think about General Electric after 1Q17 Results
After GE’s 1Q17 results, analysts seem to be favoring the company. Of the 16 analysts tracking GE, five have given it a “strong buy” recommendation.
For GE as a whole, Reuter-surveyed analysts forecast operating margins slightly above 10.0%. The company reported operating margins of 12.9%.
In 1Q17, weak cash flows from GE’s industrial operations remained the company’s Achilles’s heel. Industrial’s cash flow in 1Q17 was -$1.6 billion.
In 1Q17, GE Capital verticals earned $535.0 million, an 8.0% rise year-over-year. On a reported basis, the verticals recorded a $290.0 million loss.
Recently, General Electric (GE) announced its exit from the consumer lighting business. The proceeds of the sale are expected to be ~$500.0 million.
In 1Q17, revenue for General Electric’s (GE) Transportation segment rose to $1.0 billion from $981.0 million in 1Q16.
In 1Q17, General Electric’s (GE) Healthcare segment had a 16.5% share in the company’s $26.0 billion industrial revenue.
General Electric’s (GE) Oil & Gas segment reported revenue of $3.0 billion in 1Q17, representing a fall of 9.0%.
General Electric reported its Power segment revenue, including Alstom revenue, at $6.1 billion in 1Q17, a rise of 17.0% over 1Q16.
Revenue for General Electric’s (GE) Aviation segment was $6.8 billion in 1Q17, a 9.0% rise from $6.2 billion in 1Q16.
GE’s revenue for 1Q17 was $27.6 billion, while the Wall Street estimate was $26.3 billion.
General Electric (GE) announced its 1Q17 results on April 21, 2017. Its adjusted EPS was $0.21 against a forecast of $0.17, beating analysts’ estimate by 24.0%.
Markets these days are concerned about geopolitical risks more than ever, given the rapid growth in globalization and the interconnections between global markets.
Wall Street indices fell lower on April 12. President Trump’s comments and prevailing geopolitical tensions weighed on US stock markets.
After starting the week on a stable note, the S&P 500 fell on Tuesday. The lower risk appetite increased the demand for safe-haven assets.
For fiscal 1Q17, Emerson Electric (EMR) reported consolidated sales of $3.22 billion, compared to analysts’ expectations of $3.17 billion.
Following its fiscal 1Q17 results and considering an improvement in order trends, Emerson Electric (EMR) revised up its fiscal 2017 EPS guidance.
In fiscal 1Q16, EMR’s Automation Solutions segment accounted for ~65% of the company’s total sales.
Emerson Electric (EMR) announced its fiscal 1Q17 earnings results on February 7, 2017. In this series, we’ll analyze EMR’s earnings, compare the results with analysts’ expectations, and analyze the factors that caused any deviation.
Emerson Electric (EMR) reported about $4.7 billion in consolidated revenues for 1Q16.