General Electric Co Stock Buy Recommendation Reiterated (GE)
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- The revenue growth came in higher than the industry average of 12.5%. Since the same quarter one year prior, revenues slightly increased by 2.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- GENERAL ELECTRIC CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, GENERAL ELECTRIC CO increased its bottom line by earning $1.23 versus $1.14 in the prior year. This year, the market expects an improvement in earnings ($1.51 versus $1.23).
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Industrial Conglomerates industry average. The net income increased by 8.3% when compared to the same quarter one year prior, going from $3,224.00 million to $3,491.00 million.
- Powered by its strong earnings growth of 50.00% and other important driving factors, this stock has surged by 33.20% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
--Written by a member of TheStreet Ratings Staff. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!
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