GE Aerospace: The Top Aerospace Engine Stock To Buy

Summary

  • GE Aerospace's Q3 earnings showed positive metrics, with order inflow up 28% and adjusted EPS at $1.15, despite revenue falling short of expectations.
  • The company faces supply chain challenges and pressures from key programs like the GE9X and CFM LEAP engines but is addressing these proactively.
  • GE Aerospace has a strong commercial backlog and long-term service contracts, indicating significant long-term value and potential for profitability improvement.
  • Despite near-term pressures, the stock remains a buy due to robust aftermarket demand and long-term trends in the aviation market.
  • Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More »

General Electric GEnx Engine

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GE Aerospace (NYSE:GE) reported its third quarter earnings on the 22nd of October. Revenues missed analyst estimates by $440 million, but earnings per share of $1.15 beat estimates by $0.02. The stock price fell the day prior to the earnings report

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This article was written by

20.27K Followers

Dhierin-Perkash Bechai is an aerospace, defense and airline analyst.

Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BA, EADSF, GE either through stock ownership, options, or other derivatives. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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