General Electric Company's Earnings Failed on 3 Counts. Here's Why.
A quick look at the headline guidance from General Electric Company (NYSE: GE) would conclude that everything is on track in 2017, as the guidance ranges were exactly the same as those given in the first-quarter earnings presentation. However, the devil is in the details, and the reality is that this was a disappointing set of earnings, as Jeff Immelt signed off his tenure as CEO by guiding investors toward the low end of expectations. Moreover, the tone and commentary suggested more difficulties to come, and it wouldn't be surprising if new CEO John Flannery begins his tenure by cutting guidance.
Let's take a closer look a difficult quarter for the company.
Going into the quarter, there were three things investors were watching closely:
Source: Fool.com
General Electric Co. Stock
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
As a result the target price of 168 € shows a slightly positive potential of 7.69% compared to the current price of 156.0 € for General Electric Co..
