On Monday, July 19, General Electric’s stock was at $11.86. Today, after four days, it is currently at $12.77, marking a 7.6% gain. Wall Street expects an increase in earnings on higher revenues when General Electric (GE) reports results for the quarter that ended in June 2021. While this widely-known consensus outlook is important in measure of the company’s earnings picture, a more powerful factor that could influence its near-term stock price is how the real results compare to these estimates.
The earnings report, which is expected to be on July 27, 2021, could help the stock move higher if these key numbers are better than expectations. Or, on the other hand, if they are lower, the stock may move lower.
General Electric operates as a high-tech industrial company worldwide. The company’s Power segment offers heavy-duty and aero-derivative gas turbines for utilities, independent power producers, and industrial applications; maintenance, service, and upgrade solutions to plant assets and their operational lifecycle; steam power technology for fossil and nuclear applications, including boilers, generators, steam turbines, and air quality control systems; and advanced reactor technologies solutions comprising reactors, fuels, and support services for boiling water reactors.
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