Ge aerospace stock forecast earnings beats in the last three

Earnings beats in the last three quarters strengthen investor confidence, with projected FY2024 revenue climbing to $70 billion. Recent credit rating stability supports long-term value growth. Textron’s latest share price of $86.85 reflects building momentum, as investors have responded positively to its track record of earnings beats and upbeat analyst sentiment. While total shareholder return over three years sits at an impressive 42%, the consistent optimism around its quarterly results continues to shape its longer-term performance outlook. We expect GE Aerospace’s EBITDA to grow, and we think the company’s credit ratings are likely to improve over time. Its over $40 billion securities portfolio is spoken for as securing the similarly valued liabilities of the legacy long-term-care insurance portfolio. Only in an improbable scenario would we foresee the insurance book draining GE Aerospace of resources. We expect GE Aerospace will opportunistically wind down or dispose of its real estate and long-term-care insurance portfolios, the last remnants of conglomerate GE still on the books. Until then, a remote financial risk remains, should payouts from long-term-care policies outstrip the reserves GE has put aside to cover them. Strong cash reserves strengthen GE Aerospace stock forecast, supporting share buyback plans worth $2 billion in FY