Conglomerate General Electric Company (GE) will be reporting its fourth quarter results before the market opens on Friday, with analysts expecting to see the company report $0.32 per share.
During the same period last year, GE had earnings of $0.28 per share.
Since GE's business is spread across so many different areas, analysts often use its earnings as a barometer of the overall economy, so the market will be paying close attention to its quarterly numbers as well as any comments it makes concerning market conditions during its conference call.
For the third quarter, GE reported better than expected earnings, but narrowly missed its revenue target. For the fourth quarter analysts have forecast revenues of $39.92 billion.
Analysts are generally bullish on the stock, but not everyone is so positive.
Goldman Sachs recently reiterated its buy rating on the stock, with a $22 price target on its shares. Goldman noted that it believed that the company's outlook will continue to improve.
However, last week Bernstein downgraded the stock to Market Perform from Outperform, stating valuation as the reason.
The company has outpaced analyst estimates for earnings each of the past 7 quarters, and it looks like Wall Street is expecting to see another strong quarter for the company. The stock closed Thursday's trading session up 0.55% to $18.43.
Check back Friday morning for GE's actual earnings results and the markets reaction to the report.