GE Aerospace (GE) Advances While Market Declines: Some Information for Investors

GE Aerospace gained 1.91% to $312.90, outperforming a declining market. The company is projected to report earnings of $2.01 per share (up 21.08% YoY) with revenue of $12.66 billion (up 11.96% YoY). Full-year estimates call for $7.91 EPS and $50.56 billion revenue. However, GE trades at a premium valuation with a Forward P/E of 38.81 versus the industry average of 24.25, and holds a Zacks Rank of #3 (Hold).