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General Electric (GE) Q4 2022 Earnings Forecast

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On February 5, 2019, the location of General Electric’s energy branch in Belfort, France.

Vincent Kessler | Reuters

GE on Tuesday forecast higher profit and free cash flow this year after stronger-than-expected earnings for the quarter ended in December.

The 2022 estimate is based on the company’s new reporting format, which it shifted to after selling its jet leasing business and incorporating the capital business into its corporate operations.

The Boston-based industrial group expects an adjusted profit of $2.80 to $3.50 a share in 2022, compared with $1.71 a share last year.

Full-year free cash flow is estimated at $5.5 billion to $6.5 billion, up from $2.6 billion in 2021.

In the new format, the group will no longer report its financial services arm, GE Capital, as a separate business unit.

In the old format, GE’s fourth-quarter adjusted earnings came in at 92 cents a share, beating analysts’ estimates of 85 cents in a Refinitiv poll.

It generated $3.8 billion in free cash flow from industrial operations in the quarter, down about $500 million from a year ago.

The story is developing. Please check for updates.


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