GE set to report final pre-breakup earnings on Tuesday

GE set to report final pre-breakup earnings on Tuesday

EARNINGS OUTLOOK General Electric Co. is scheduled to report next week its final quarterly results before the start of its breakup, with the industrial

EARNINGS OUTLOOK General Electric Co. is scheduled to report next week its final quarterly results before the start of its breakup, with the industrial

conglomerate expected to report its highest profit since before the COVID pandemic. Before the Jan. 24 opening bell, the company it will release results for the fourth

conglomerate expected to report its highest profit since before the COVID pandemic. Before the Jan. 24 opening bell, the company it will release results for the fourth

quarter through the end of 2022. On Jan. 3, the company completed the spinoff of its healthcare business, GE HealthCare Technologies Inc. The spinoff of GE Vernova, which

quarter through the end of 2022. On Jan. 3, the company completed the spinoff of its healthcare business, GE HealthCare Technologies Inc. The spinoff of GE Vernova, which

combines GE’s renewable energy, power, digital and energy financial services businesses, isn’t expected to be completed until early 2024. After that, GE will be known as GE

combines GE’s renewable energy, power, digital and energy financial services businesses, isn’t expected to be completed until early 2024. After that, GE will be known as GE

Aerospace. GE HealthCare is slated to report results on Jan. 30, before the opening bell. GE’s stock has soared in recent months, and analyst expectations for

Aerospace. GE HealthCare is slated to report results on Jan. 30, before the opening bell. GE’s stock has soared in recent months, and analyst expectations for

fourth-quarter earnings have jumped, despite increasing amounts of economic data showing that industrial and manufacturing activity has been contracting. However, Wall Street

fourth-quarter earnings have jumped, despite increasing amounts of economic data showing that industrial and manufacturing activity has been contracting. However, Wall Street

estimates for revenue and free cash flow, a closely watched financial metric for GE, may be a better indicator of the economic climate, as they have slipped in recent months.

estimates for revenue and free cash flow, a closely watched financial metric for GE, may be a better indicator of the economic climate, as they have slipped in recent months.

The average analyst estimate compiled by FactSet for adjusted earnings per share, which excludes nonrecurring items, has climbed to $1.15 at last look, from 94 cents at the end

The average analyst estimate compiled by FactSet for adjusted earnings per share, which excludes nonrecurring items, has climbed to $1.15 at last look, from 94 cents at the end

of the third quarter. If GE matches that forecast, it would be the highest EPS reported since the $1.31 reported for the fourth quarter of 2019.

of the third quarter. If GE matches that forecast, it would be the highest EPS reported since the $1.31 reported for the fourth quarter of 2019.