General Electric Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component General Electric Company (NYSE:GE) will unveil its latest earnings on Friday, October 21, 2011. General Electric is an advanced technology, services and finance company that provides services ranging from aircraft engines to business and consumer financing.

General Electric Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 31 cents per share, a rise of 6.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 31 cents during the last month. For the year, analysts are projecting net income of $1.35 per share, a rise of 17.4% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 33 cents a share versus the estimate of net income of 32 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 2.9% in revenue from the year-earlier quarter to $34.86 billion.

Analyst Ratings: eight out of 12 analysts surveyed (66.7%) have a buy rating on General Electric Company.. This is below the mean analyst rating of 10 competitors, which average 80% buy ratings.

A Look Back: In the second quarter, profit rose 21.1% to $3.76 billion (35 cents a share) from $3.11 billion (28 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 4.9% to $35.63 billion from $37.44 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 76.5% in the first quarter and 50.5% in the fourth quarter of the last fiscal year.

Revenue fell in the second quarter after seeing a rise the quarter before. In the first quarter, revenue rose 5%.

Competitors to Watch: Siemens AG (NYSE:SI), 3M Company (NYSE:MMM), Hitachi, Ltd. (NYSE:HIT), United Technologies Corp. (NYSE:UTX), Koninklijke Philips Electronics NV (NYSE:PHG), Honeywell Intl. Inc. (NYSE:HON), Danaher Corporation (NYSE:DHR), Textron Inc. (NYSE:TXT), OSI Systems, Inc. (NASDAQ:OSIS), and Bio-Rad Laboratories, Inc. (NYSE:BIO).

Stock Price Performance: During July 22, 2011 to October 17, 2011, the stock price had fallen $2.63 (-13.9%) from $18.86 to $16.23. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 6.9% (+$1.22) over that span. It saw one of its worst periods between November 5, 2010 and November 17, 2010 when shares fell for nine-straight days, falling 5.6% (-90 cents) over that span. Shares are down $1.61 (-9%) year to date.

(Source: Xignite Financials)

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