GE Shares Lagged the Market as Earnings Estimates Edged Higher

GE Aerospace shares fell 5.2% over the past month, compared with a 0.4% decline in the Zacks S&P 500 composite. The Zacks Aerospace - Defense industry, which includes GE, lost 9.5% over the same period.

Zacks consensus estimates put current-quarter earnings at $2.01 per share, up 21.1% from a year earlier. That estimate rose 0.7% over the past 30 days. Estimates for the current and next fiscal years are $7.91 and $9.04 per share, up 24.2% and 14.3% year over year.

Zacks forecasts current-quarter revenue of $12.66 billion, a 12% year-over-year increase. Its sales estimates for the current and next fiscal years are $50.56 billion and $55.85 billion.

In the last reported quarter, GE posted $12.63 billion in revenue and earnings of $2.02 per share. Revenue was up 24.5% year over year, while earnings rose from $1.66 per share. Both figures exceeded Zacks consensus estimates, by 6.52% for revenue and 8.6% for earnings. GE beat consensus earnings and revenue estimates in each of the prior four quarters, Zacks said.