Here's What to Expect From GE Aerospace's Next Earnings Report

Evendale, Ohio-based GE Aerospace (GE) is a global leader in aerospace propulsion, services, and systems, with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. Valued at $177.24 billion by market cap, the company designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also provides aftermarket services to support its products. The leading provider of jet and turboprop engines is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, Jul. 23.

Ahead of the event, analysts expect GE to report a profit of $0.98 per share on a diluted basis, up 44.1% from $0.68 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the first quarter, its aerospace orders came in at $11 billion, up 34% year over year.