{"id":3662,"date":"2023-10-20T12:06:50","date_gmt":"2023-10-20T12:06:50","guid":{"rendered":"https:\/\/infundpros.com\/markets\/after-an-18-top-line-growth-in-q2-will-general-electric-stock-deliver-another-strong-quarter\/"},"modified":"2023-10-20T12:06:51","modified_gmt":"2023-10-20T12:06:51","slug":"after-an-18-top-line-growth-in-q2-will-general-electric-stock-deliver-another-strong-quarter","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=3662","title":{"rendered":"After An 18% Top-Line Growth In Q2 Will General Electric Stock Deliver Another Strong Quarter?"},"content":{"rendered":"
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General Electric (NYSE: GE)<\/strong> is scheduled to report its Q3 2023 results on Tuesday, October 24. We expect GE stock to rise post-Q3 results, with revenue and earnings marginally beating the consensus estimate. GE\u2019s Aerospace business should benefit from a continued rise in travel demand. Our interactive dashboard analysis of General Electric\u2019s Earnings Preview<\/strong> has additional details. So, what are some trends likely to drive General Electric\u2019s results, and how has the company\u2019s stock performed?<\/p>\n

GE stock has seen extremely strong gains of 70% from levels of $65 in early January 2021 to around $110 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the increase in GE stock has been far from consistent. Returns for the stock were 10% in 2021, -11% in 2022, and 64% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 13% in 2023 – indicating that GE underperformed the S&P<\/strong> in 2021.<\/p>\n

In fact, consistently beating the S&P 500<\/strong> – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the industrial sector, including UPS, CAT, and UNP, and even for the mega-cap stars GOOG, TSLA, and MSFT.<\/p>\n

In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year<\/strong> over the same period. Why is that?<\/strong> As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.<\/p>\n

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Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could GE face a similar situation as it did in 2021 and underperform the S&P<\/strong> over the next 12 months – or will it see a strong jump? Our forecast indicates that GE stock has room for growth, as discussed below.<\/p>\n

(1) Aerospace To Drive Top-Line Growth<\/strong><\/p>\n