General Electric Beats Analyst Estimates on EPS
General Electric (NYS: GE) reported earnings on Jan. 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), General Electric missed on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped, and earnings per share dropped significantly.
Gross margins contracted, operating margins increased, net margins dropped.
General Electric tallied revenue of $38.0 billion. The 10 analysts polled by S&P Capital IQ expected sales of $40.0 billion. Sales were 5.7% lower than the prior-year quarter's $41.4 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.39. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.38 per share on the same basis. GAAP EPS of $0.35 for Q4 were 16% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 20.3%, 1,570 basis points worse than the prior-year quarter. Operating margin was 20.3%, 1,000 basis points better than the prior-year quarter. Net margin was 9.8%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $35.6 billion. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $151.8 billion. The average EPS estimate is $1.55.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Electric is outperform, with an average price target of $20.73.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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