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During the last trading session, General Electric (GE) closed at $ 9.26, marking an increase of -1.07% over the previous day. This change was lower than the 0.29% daily gain of the S & P 500. At the same time, the Dow gained 0.17% and the Nasdaq, a technology-based index, added 0.3%.
To date, shares of the industrial conglomerate have risen by 3.65% over the past month, outpacing gains of 2.52% in the conglomerate sector and 2.99% in the S & P 500.
GE will look to show some strength as it approaches its next release of results. It is expected that GE will release a profit of $ 0.13 per share on that day, which would represent a 7.14% drop over 12 months. At the same time, our latest consensus estimate was a turnover of $ 29.09 billion, down 1.64% from the same quarter of the previous year.
According to our consensus estimates for Zacks, analysts expect earnings per share of 0.63 USD and a turnover of 117.68 billion USD. These totals would mark changes of -3.08% and -3.23%, respectively, compared to last year.
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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these changes in estimates and provides a clear and usable scoring model.
The Zacks filing system ranges from # 1 (strong buy) to # 5 (strong sell). It has recorded a remarkable, unaudited success, with the No. 1 stock offering an average annual return of + 25% since 1988. The estimate of Zacks Consensus EPS has decreased by 3.27% in the last month. GE is currently ranked 3 by Zacks (pending).
In terms of valuation, GE has a P / E futures ratio of 14.86. In comparison, its sector has an average P / E of 17.51, which means that GE is trading at a lower price than the group.
Meanwhile, GE's PEG ratio is currently 2.05. 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 diversified businesses had an average PEG ratio of 1.91 at yesterday's closing price.
The diversified operations sector is part of the conglomerate sector. The Zacks ranking of this industry is currently 25, which places it in the top 10% of 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.
Make sure to use Zacks. Com to follow all these stock transfer measures, and more, in the next trading sessions.
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General Electric Company (GE): free stock analysis report
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General Electric Company (GE): free stock analysis report
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