General Electric Company (NYSE:GE) first quarter 2015 Earnings preview

GE is scheduled to report its first quarter 2015 results on Friday April 17 morning.

General Electric Company is all set to report its quarter covering from January to December earnings on Friday, April 17. Results are normally disclosed in the morning at 06:30 a.m. EST along with a conference call. Earnings of General Electric are every so often seen as an indicator of the overall health of United States and international economy. Hence, the company has all the potential to impact wider markets, including currencies, index futures and various other indicators of the market, mainly if the outcomes are way out of consensus expectations.

The current estimate by Street regarding adjusted earnings per share is in the range of $0.29 to $0.31 (reported by Yahoo! Finance). Estimates were cut by almost 5 cents earlier this year. Analysts forecasted a revenue growth of 0.5% on a year over year basis in the range of $33.46 billion to $35.22 billion. The company has abstained itself from providing guidance in recent prior quarters. General Electric last issued its earnings forecast in the year 2008.

The company’s current stock yields at 3.3% in contrast to average 3.1% in last five years. The price to earnings ratio stands at 18.3 times as compared to average 16.4 times in last 5 years.

Analysts believe that GE will report earnings of 30 cents per share, and revenue of $34.47 billion. The primary reports suggest that the company was in contact to sell its real estate assets of up to $30billion was the kind of news investors might not want to take place quickly. Well, the company has announced the departure of the majority of its capital assets that will house enormous buybacks of approximately $50 billion, high dividends and emphasize on the only industrial conglomerate.

General Electric inclines to surpassed analysts estimation by 1 cent with the share price reacting positively to stronger reports. Assumed the stock is previously up on expected payouts due to the capital deal, investors perhaps want to see company surpassing the analyst estimation by posting earnings of $0.33 per share on $34.55 billion of revenue to generate a much of a favorable response.

General Electric stock 0.97% down to $27.46 at market close on Wednesday. The Schenectady based company has 52 week low and high of $23.41 and $28.68, respectively.