General Electric Earnings Preview: Waiting Room

General Electric Earnings Preview: Waiting Room
By General Electric Company (w:File:General_Electric_logo.svg) [Public domain], via Wikimedia Commons

General Electric Company (NYSE:GE) will release an earnings report detailing its numbers for the three months through September tomorrow morning before the market opens on Wall Street. The company is still suffering from the world slow down in industry, but it is hoped a European recovery will get GE back to work. As a result of the lull in spending, the company is expected to release another lackluster earnings report tomorrow morning.

General Electric Earnings Preview: Waiting Room

In the third quarter of 2012 General Electric Company (NYSE:GE) showed earnings of 36 cents per share on revenue totaling $36.3 billion. This year is not expected to show much alteration. Analysts following the company are looking for earnings of 36 cents per share by consensus on revenue totaling $36 billion.

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General Electric earnings

The markets for the industrial products that General Electric Company (NYSE:GE) produces have still not recovered from the 2008 financial crisis. Companies in Europe are, for the most part, not even on the road to recovery right now. That has left the company’s earnings less than exciting, and the company’s investors less than happy with the performance of the company’s stock.

General Electric Company (NYSE:GE) has been around for a long time, however, and it is still profitable. Some of its work is indispensable in industry, so it seems almost certain that the company will return to recovery. The only other option seems a future where industrial recovery has not occurred.

General Electric performance

Investors seem reasonably certain that General Electric Company (NYSE:GE) business will pick up at some point in the medium term. Earnings are still increasing year on year, and revenue growth is expected to recover in 2014. Those metrics, and countless others, have led investors to price a good deal of growth into General Electric. The firm’s shares are valued at more than seventeen times 2012 earnings.

Shares in General Electric Company (NYSE:GE) have increased by more than 15% since January 1. That number is somewhat impressive, but it denotes a company lagging the market in 2013. The S&P 500 is up more than 20% in the same period.

General Electric is facing problems, and they will be reflected in the earnings report the company releases tomorrow morning. Shares in the firm will not grow quickly until the company begins to grow at a reasonable pace. Until then shareholders will have to sit around and wait for the future to arrive.

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