GE Earnings Are Coming. What to Expect.

General Electric is slated to announce third-quarter earnings Tuesday, and with the stock going strong, investors will need good news to keep it moving higher.In the second quarter, GE reported EPS of 68 cents from sales of $15.9 billion. Wall Street was looking for 46 cents a share. It was the company’s third consecutive earnings beat. GE also increased full-year EPS guidance to a range of $2.10 to $2.30 from a prior range of $1.70 to $2.

“We expect GE to boost its 2023 EPS guidance range, moving from a range of $2.10 to $2.30 to $2.25 to $2.35,” wrote RBC analyst Deane Dray in a preview report. “This compares to our estimate of $2.25 and consensus of $2.35.”Along with a guidance boost, investors will be looking for an update about the coming spin-off of GE Vernova, GE’s renewable power and energy generation businesses. That is slated to happen early in 2024. GE announced some leadership appointments in late August.

After the Vernova spin, GE will become GE Aerospace, a dominant maker of aircraft engines. Investors will also be looking for an update on the health of commercial aviation—and if rising interest rates are hurting demand for items that are ordered years in advance, such as jet engines and power turbines.Write to Al Root at allen.root@dowjones.com

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