Aircraft company GE Aerospace (GE) is set to report its third-quarter earnings results on October 21. Wall Street is expecting solid results, as analysts are forecasting earnings per share of around $1.46. This is up from $1.15 in the same quarter last year. Meanwhile, revenue is projected to come in at around $10.4 billion, thanks to the strong demand for commercial engines and related services, the firm’s largest segment, as shown in the image below.
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Notably, the company has already raised its full-year 2025 guidance. It now expects mid-teens revenue growth and adjusted earnings of between $5.60 and $5.80 per share. However, investors will be keeping an eye on potential headwinds such as supply chain constraints, global economic uncertainty, and the performance of GE’s defense and services segments. Still, strong orders or margin expansion in aerospace could be viewed as a positive sign that the company is staying ahead of these risks.
What Do Options Traders Anticipate?
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you. Indeed, it currently says that options traders are expecting a 5.3% move in either direction.
What Is the Price Target for GE?
Overall, analysts have a Strong Buy consensus rating on GE stock based on nine Buys assigned in the past three months, as indicated by the graphic below. Furthermore, the average GE price target of $332.22 per share implies 9.1% upside potential. At the same time, TipRanks’ AI analyst has an Outperform rating with a $346 price target.
