For its fourth fiscal quarter (ending December 31), General Electric Co (NYSE: GE) has reported a 238% increase in E.P.S. from $0.08 a year ago to $0.27 in the current quarter. Relative to the consensus estimate of $0.09, this was a premium of $0.18. For the latest four quarters through December 31, E.P.S. were $0.59 compared to $-0.01 a year ago.
Recent Price Action
On 1/26/21, General Electric Co (NYSE: GE) stock enjoyed a large increase of 2.7%, closing at $11.29. Moreover, trading volume in this advance was exceptionally high at 240% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
GE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
General Electric has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. General Electric has a poor Appreciation Score of 18 but a good Power Rating of 76, producing the Neutral Value Trend Rating.
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.