General Electric (GE) is set to report Q2 earnings tomorrow before the market opens with a conference call to follow at 8:30am ET.

Current Capital IQ consensus stands at EPS of $0.12 on Revenue of $28.8bln.

Free Cash Flow (FCF) will be a key metric to follow. GE has forecast FCF at an outflow of (-$2 bln)- ($-1bln) in Q2. Analysts are looking for GE to beat on these expectations.

Below is a recap of key guidance levels to watch, a recap of Q1 results (broken down by segment) and an update on recent divestiture news. 

Q1 Recap

  • GE Industrial rev -2%, +5% organic,

  • Industrial profit -12% organic to $2.2 bln;

  • GE Capital rev +2%

  • Orders $26.2 bln, +1% yr/yr (+9% organic)

  • Backlog $374 bln, +6% yr/yr

  • Industrial profit Margin 4.8%, +250 bps yr/yr

  • Revenue by Segment

    • Power revenue $5.659 bln, -22% yr/yr

    • Renewable Energy $1.604 bln, -5% yr/yr

    • Aviation $7.954 bln, +12% yr/yr

    • Oil & Gas- $5.616 bln, +4% yr/yr

    • Healthcare- $4.683 bln, Unch yr/yr

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