GE Aerospace Weekly Recap: Q2 Beat, Guidance Raise, and New Engine Milestones
GE sits 38% above its 52-week low of $254.66.
Summary
GE Aerospace's weekly recap highlights a strong Q2 with adjusted EPS of $2.02 beating consensus by $0.16, full-year guidance raised, and backlog exceeding $210B. New incremental details include UBS lifting its price target to $435, a milestone 50M flight hours for the GEnx-1B engine, and a first high-altitude hybrid electric flight above 30,000 feet. The company also secured multiple engine deals, including up to 120 LEAP-1B engines for Copa and a Turkish HÜRJET contract, while UK Export Finance launched a ~$1B financing program for engine maintenance. Shop turnaround times improved by about a week, and shares have rallied ~5% since the U.S.-Iran conflict. This follows the Q2 earnings release on July 16 and adds color on operational momentum and new business wins.
At the time of this announcement, GE was trading at $351.03 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $361.9B. The 52-week trading range was $254.66 to $382.97. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.