General Electric (NYSE: GE) is scheduled to report its Q3 2023 results on Tuesday, October 24. We expect GE stock to rise post-Q3 results, with revenue and earnings marginally beating the consensus estimate. GE’s Aerospace business should benefit from a continued rise in travel demand. Our interactive dashboard analysis of General Electric’s Earnings Preview has additional details. So, what are some trends likely to drive General Electric’s results, and how has the company’s stock performed?
GE stock has seen extremely strong gains of 70% from levels of $65 in early January 2021 to around $110 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the increase in GE stock has been far from consistent. Returns for the stock were 10% in 2021, -11% in 2022, and 64% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 13% in 2023 – indicating that GE underperformed the S&P in 2021.
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