General Electric (GE) is set to report earnings tomorrow before the market opens with a conference call to follow at 8:30am ET.
Current Capital IQ consensus stands at EPS of $0.09 on Revenue of $27.3bln.
There remains plenty of concern around the company's turnaround as trouble at its power unit persists and global weakness leads to worries about other businesses. GE is seeing a pick up in its divestiture plan under new CEO Lawrence Culp.
FY19 Segment Guidance from March 4
Sees organic revenue growth up low to mid-single digits Sees strong performance in Aviation (HSD) and Renewables (DD)
Sees healthcare organic growth in low to mid-single digit range
Sees power down in a flat to slightly down market
Additional commentary: Sees FCF for industrial in negative territory on the year
Expects power business to face headwinds for a couple of years.
Reports Q4 (Dec) earnings of $0.17 per share, excluding non-recurring items, $0.05 worse than the S&P Capital IQ Consensus of $0.22. Revenues rose 5.3% year/year to $33.28 bln vs the $32.16 bln S&P Capital IQ Consensus.
Orders -1%, +4% organic;
Industrial rev +2%, +8% organic, industrial profit margin -150 bps to 7.5%.
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