Quite a few research analysts have predicted that the stocks of NYSE GE would be putting up an EPS of $0.04 for the quarter. According to a report, four investment analysts have already provided estimates into the earnings for the company.
The highest EPS has come in at $0.05, with the coming in at $0.03. The EPS reported during the previous year was $0.15, which indicates an annual growth rate of 126.7%. The company will be putting up its next quarterly report on the 4th of August.
The Quarterly Estimates Of NYSE GE
NYSE GE previously announced their quarterly estimates on the 26th of April. The EPS reported by the company during this period was $0.03, which was more than the consensus estimate of $0.01. The return on equity for the company was 1.53%, with a net margin of a negative 4.33%. The revenue generated by the company during this period was $17.12 billion, which was less than the consensus estimate of $17.66 billion.
There have been quite a few research equities that have commented on the stocks of NYSE GE. The Royal Bank of Canada has also raised the price target of the company from $15 to $16 with a rating of outperform in a 4th May research report. Oppenheimer has also put out a rating of market perform in a 17th March research report.
The Goldman Sachs Group has set up a price target of $15 on the company with a rating of buy in a 17th March research note. The UBS Group has also increased the price target of the company from $15 to $17 with a rating of buy in a Friday research report. In the end, the Bank of America also put up a rating of buy with a price target of $15.
Seven of the investment analysts covering the firm have given it a rating of hold, while nine others have issued the company with a rating of buy. Currently, NYSE GE has a buy rating with a $14.60 price target.