GE Aerospace Beats Expectations Across The Board: Analyst Sees Upside In 2025 Guidance

Goldman Sachs analyst Noah Poponak expressed views on GE Aerospace‘s GE fourth-quarter FY24 results.

Today, the company reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion. The analyst consensus was $9.604 billion.

Adjusted EPS for the quarter was $1.32 (+103% Y/Y), beating the consensus of $1.04.

GE Aerospace expects FY25 adjusted revenue growth in the low double digits and adjusted EPS of $5.10 – 5.45 vs. the $5.22 consensus.

The analyst writes that GE Aerospace’s results exceeded Factset’s consensus on revenue, segment operating margin, EPS, and free cash.

According to the analyst, Commercial Engines exceeded consensus expectations on revenue and margin, and Defense was slightly ahead on both revenue and margin.

Poponak says that the initial 2025 guidance is above consensus at the high of the ranges.  

The analyst rates the company Buy with a price target of $204.

Investors can gain exposure to the stock via TCW Transform Systems ETF NETZ and iShares U.S. Aerospace & Defense ETF ITA.

Price Action: GE shares are up 6.57% at $200.74 at the last check Thursday.

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