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During the last trading session, General Electric (GE) closed at $ 10.12, marking an increase of + 0.7% compared to the previous day. The stock has exceeded the daily loss of 0.04% of the S & P 500. At the same time, the Dow has lost 0.05% and the Nasdaq, strong in technology, lost 0.01%.
Today, shares of the industrial conglomerate rose 1.82% last month. At the same time, the conglomerate sector lost 1.26%, while the S & P 500 sector gained 0.34%.
Investors are hopeful that GE will strengthen in the run-up to the release of its next results. The company is expected to earn $ 0.12 EPS, down 36.84% from the prior year quarter. At the same time, Zacks' estimated consensus revenue forecasts net sales of $ 28.88 billion, down 4.07% over the same period last year.
Consensus estimates from Zacks, published by GE throughout the year, are based on earnings of $ 0.61 per share and revenues of $ 118.47 billion. These results would represent variations of one year on the other of -6.15% and -2.59%, respectively.
Investors should also note recent changes to analysts' estimates for GE. Recent revisions tend to reflect the latest short-term business trends. As a result, we can interpret the revisions of positive estimates as a positive sign of the company's business outlook.
Our research shows that these estimation changes are directly related to short-term share prices. To take advantage of this, we have developed the Zacks Rank, an exclusive model that takes into account these changes in estimates and provides a usable scoring system.
The Zacks ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of unaudited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. The estimate of Zacks Consensus EPS remained stagnant last month. GE currently displays Rank 2 of Zacks (Purchase).
In terms of valuation, GE is currently trading at a P / E forward ratio of 16.57. This is a premium over the Forward Forward average of 16.51 for his industry.
Investors should also note that GE has a PEG ratio of 2.28 at the moment. This measure is used in the same way as the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the security. The GE industry had an average PEG ratio of 1.83 at the close of yesterday.
The diversified operations sector is part of the conglomerate sector. The Zacks sector of this industry is currently ranked at 99, placing it in the top 39% of over 250 industries.
The Zacks industry ranking is ranked from best to worst in terms of Zacks' average ranking of individual companies in each of these sectors. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all these stock transfer steps, and more, on Zacks.com.
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
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General Electric Company (GE): free stock analysis report
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To read this article on Zacks.com, click here."data-reactid =" 34 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
General Electric Company (GE): free stock analysis report
To read this article on Zacks.com, click here.
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