5 Much-Awaited Earnings Reports to Watch

In this article, we discuss the 5 much-awaited earnings reports to watch. If you want to read our detailed analysis of these companies, go directly to the 11 Much-Awaited Earnings Reports to Watch.

5. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 57

General Electric Company (NYSE:GE) recently announced better-than-expected financial results for the first quarter. However, the company cautioned that the latest pandemic-driven lockdowns in China and Russia-Ukraine war have intensified logistic challenges and inflationary pressure, which could impact its full-year outlook.

The Boston-based company maintained its adjusted earnings guidance of $2.80 – $3.50 per share. But at the same time, General Electric Company (NYSE:GE) expects the results to come at the lower end of the outlook.

For the first quarter, General Electric Company (NYSE:GE) reported adjusted earnings of 24 cents per share, up from 13 cents per share in the comparable period of 2021. Revenue came in at $17 billion, nearly unchanged from the year-ago period. The results were better than the consensus of 19 cents per share for earnings and $16.91 billion for revenue.

Discussing the outlook, CEO H. Lawrence Culp, Jr. said in a statement:

“We’re holding the outlook range we shared in January, but as we continue to work through inflation and other evolving pressures, we’re currently trending toward the low end of the range. Importantly, we remain on track to launch three independent, investment-grade companies with leading positions in growing, critical sectors, well positioned to create long-term value.”