Oppenheimer Sets Expectations On General Electric Ahead Of 4Q14 Results


In a research report issued Monday, Oppenheimer analyst Christopher Glynn reiterated a Perform rating on General Electric (NYSE:GE) into the company’s fourth-quarter earnings. No price target was provided.

Glynn noted, “We estimate 9% industrial revenue growth in 4Q, led by 24% estimate for Power & Water (Wind units up over 40%, Gas Turbines up over 30%), but expect little leverage, and similarly model 9% industrial OP growth, as heavy equipment mix drives revenue growth. GE reported significant 4Q margin expansion each of the past two years. Margin mix remains a modeling challenge, but we believe O&G and Energy Management are showing structural improvements and steadier traction to margin targets. We expect more modest margin improvement in 2015 for Healthcare and Power & Water, and flattish for Aviation and Transportation.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Christopher Glynn has a total average return of 13.0% and a 66.0% success rate. Glynn has a 19.6% average return when recommending GE, and is ranked #226 out of 3354 analysts.

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