GE HealthCare Q2 Earnings Recap (Rating Downgrade)

Michael Dion
771 Followers

Summary

  • GE HealthCare's Q2 earnings were disappointing, with revenue stagnating and cost efficiencies driving earnings, leading to a lowered price target and sell rating.
  • The company continues to lag behind the market in various healthcare sectors, with AI potential diminishing and a decreased focus on R&D.
  • Upside potential lies in the healthcare market and AI technology, but GEHC's slow progress and competition pose challenges for future growth.

Close-up Shot of a Doctor"s Hand Pointing on Brain Scan Images on Digital Tablet

Tom Werner/DigitalVision via Getty Images

I am updating my previous analysis on GE HealthCare Technologies Inc. (NASDAQ:GEHC) in light of Q2 2024 earnings which were released on July 31st, 2024.

I previously rated GE HealthCare a hold for the following

This article was written by

771 Followers
Michael (Mike) Dion is an FP&A leader with finance experience across multiple industries, including Telecom, Media and Entertainment, Hospitality, and Construction. He founded Mike's F9 Finance, a website that helps Finance professionals accelerate their careers. His investment approach is informed by both Fortune 100 and small business experience. He looks for value opportunities where other investors overreact to bad news or underreact to good news—always backed up by strong fundamentals and preferably a dividend. Cash flow isn't just king for companies; it's critical for investors at all levels.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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