GE HealthCare Earnings: What To Look For From GEHC

StockStory
12 Feb
GE HealthCare Earnings: What To Look For From GEHC

Healthcare technology company GE HealthCare Technologies (NASDAQ:GEHC) will be reporting earnings tomorrow morning. Here’s what investors should know.

GE HealthCare met analysts’ revenue expectations last quarter, reporting revenues of $4.86 billion, flat year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ full-year EPS guidance estimates but organic revenue in line with analysts’ estimates.

Is GE HealthCare a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting GE HealthCare’s revenue to grow 2.2% year on year to $5.32 billion, slowing from the 5.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GE HealthCare has missed Wall Street’s revenue estimates six times over the last two years.

Looking at GE HealthCare’s peers in the healthcare equipment and supplies segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Hologic posted flat year-on-year revenue, meeting analysts’ expectations, and Intuitive Surgical reported revenues up 25.2%, topping estimates by 6.5%. Hologic traded down 10.1% following the results while Intuitive Surgical was also down 4%.

Read our full analysis of Hologic’s results here and Intuitive Surgical’s results here.

Investors in the healthcare equipment and supplies segment have had steady hands going into earnings, with share prices flat over the last month. GE HealthCare is up 3.4% during the same time and is heading into earnings with an average analyst price target of $96.51 (compared to the current share price of $87.03).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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