General Electric Co. logo

GE

General Electric Co.

$79.49

Earnings Summary

Revenue
$18646Mn
Net Profits
$-857Mn
Net Profit Margins
-4.6%

Highlights

Revenue:

General Electric Co.’s revenue jumped 2% since last year same period to $18646Mn in the Q2 2022. On a quarterly growth basis, General Electric Co. has generated 9.43% jump in its revenue since last 3-months.

Net Profits:

General Electric Co.’s net profit jumped 24.23% since last year same period to $-857Mn in the Q2 2022. On a quarterly growth basis, General Electric Co. has generated 17.75% jump in its net profits since last 3-months.

Net Profit Margins:

General Electric Co.’s net profit margin jumped 25.71% since last year same period to -4.6% in the Q2 2022. On a quarterly growth basis, General Electric Co. has generated 24.84% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the General Electric Co. post its latest quarter earnings

EPS Estimate Current Quarter
0.61
EPS Estimate Current Year
0.61

Highlights

EPS Estimate Current Quarter:

General Electric Co.’s earning per share (EPS) estimates for the current quarter stand at 0.61 - a 60.53% jump from last quarter’s estimates.

EPS Estimate Current Year:

General Electric Co.’s earning per share (EPS) estimates for the current year stand at 0.61.

Key Ratios

Key ratios of the General Electric Co. post its Q2 2022 earnings

Earning Per Share (EPS)
0.78
Return on Assets (ROA)
0.01
Return on Equity (ROE)
-0.12
Dividend Per Share (DPS)
0.32

Highlights

Earning Per Share (EPS):

General Electric Co.’s earning per share (EPS) jumped 95% since last year same period to 0.78 in the Q2 2022. This indicates that the General Electric Co. has generated 95% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. General Electric Co.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. General Electric Co.’s return on equity (ROE) stands at -0.12.

Dividend Per Share (DPS):

General Electric Co. declared 0.32 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-07-26
0.38
0.78
105.26%
2022-04-26
0.19
0.24
26.32%

Company Information

Currently headquartered in Boston, General Electric, through its incorporation in 1892, acquired all of Edison General Electric Company’s assets and two more similar companies. The original Edison General Electric Company was founded in 1878 by the legendary innovator Thomas Alva Edison. Over the centuries, General Electric has become one of the largest diversified corporations in the world. Its previous headquarters were in Fairfield, Connecticut, and it was moved to Boston in 2016. Pioneering technology worldwide, General Electric has revolutionised nine different industries through their products, including electrical and electronic equipment, aircraft engines, and financial services. GE has powered vehicles on the land, air, and sea. They have powered equipment that generates one-third of the world’s electricity. GE has always been committed to creating a cleaner world by increasing speed and efficiency while lowering costs. GE produces the most extensive global line of consumer electrical goods and Hotpoint, a top-selling home appliance brand. GE purchased RCA Corporation in 1986, including the television network National Broadcasting Company (NBC), owned by RCA Corp. In 1987, the electronics division catering to consumers of RCA was sold to Thomson SA. In a barter exchange, GE bought Thomson SA’s medical technology division. The company’s most significant sales are from the Department of Defense of the USA for defence-related equipment. Currently General Electric Co. has a market cap of $84.93 Billion. It has a P.E ratio of -16.51. The shares of General Electric Co. are trading at $74.78. .

Organisation
General Electric Co.
Headquarters
Boston, Massachusetts, US
Employees
174K
Industry
Producer Manufacturing
CEO
H. Lawrence Culp