Earnings Preview: General Electric

| About: General Electric (GE)

General Electric (NYSE:GE) is expected to report Q1 earnings on Thursday, April 21 before the market open with a conference call scheduled for 8:30 am ET.


Analysts are looking for EPS of 28c on revenue of $34.64B. The consensus range is 27c-30c for EPS, and $31.74B-$37.50B for revenue, according to First Call. General Electric beat Q4 EPS and revenue estimates. Investors will be looking for the company to outperform again in Q1. Since Q4 earnings were released, the shares have had a modest advance, moving from $18.50 to around $20.50. They are currently trading well above their 200-day moving average. On the company’s Q4 conference call, CEO Jeff Immelt noted that the 2011 framework was "quite achievable." He also said the NBC Universal deal would close in Q1, resulting in a higher tax rate for the quarter and the year. The company expects an adverse impact of (5c) per share from the deal in 2011. Shares of GE have risen 25% since the beginning of the year, and approximately 40% since last July, discounting a wealth of positive news. Investors may need exceptional Q1 results to justify further commitments.