GE and Howmet Poised for Strong Earnings as Aerospace Sector Stays Resilient: Analyst
GE and Howmet Poised for Strong Earnings as Aerospace Sector Stays Resilient: Analyst
Deuschle expects a 9% EPS beat in their base case and a 15% beat in the blue sky scenario for the third quarter.Deutsche Bank analyst Scott Deuschle changed price targets and presented earnings previews for major Aerospace companies such as GE Aerospace (NYSE:GE) and Howmet Aerospace Inc. (NYSE:HWM).
德意志银行分析师斯科特·德奇勒（Scott Deuschle）调整了价格目标，并为通用电气航空（NYSE：GE）和豪玠航空公司（NYSE：HWM）等主要航空航天公司提供了盈利预览。
The analyst writes that these stocks are well-insulated against end-market challenges and are likely to achieve the largest earnings beats and drive significant upward revisions.
分析师表示，这些股票对最终市场挑战具有很好的保护，并可能实现最大的盈利超预期，并推动重大的上调。
GE Aerospace: The analyst raised the price target to $235 from $212 while maintaining a Buy rating.
通用电气航空：分析师将价格目标从212美元上调至235美元，同时维持买入评级。
Deuschle expects a 9% EPS beat in their base case and a 15% beat in the blue sky scenario for the third quarter.
德奇勒预计他们的基本情况下每股收益将超出9％，而在蓝天情形下将超出15％。
In both cases, the analyst anticipates an increase in 2024 guidance, with a potential 7% EBIT rise if the blue sky scenario occurs.
在这两种情形下，分析师预计2024年会出现指引增长，如果蓝天情形发生，潜在的EBIt增长率将达到7％。
Strong CSA collections from the summer flying season could drive free cash flow (FCF) above expectations, leading to an increase in FCF guidance, adds the analyst.
来自夏季飞行季的强劲CSA收入可能会推动自由现金流（FCF）超出预期，从而提高FCF指引，分析师补充道。
Overall, Deuschle says that they are optimistic ahead of the earnings release due to the potential for a significant beat and raise this quarter.
总体而言，德奇勒表示他们对即将发布的财报持乐观态度，因为本季度可能会出现重大利润超预期，并上调。
Read: GE Aerospace Takes Flight With AI Wingmate: Boosts Innovation, Employee Productivity With Microsoft's Azure AI
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Howmet: The analyst raised the price target to $125 from $106 while maintaining a Buy rating.
Howmet：分析师将价格目标从106美元上调至125美元，同时维持买入评级。
The analyst writes that the base case estimates third-quarter EPS at $0.68, above the Street's $0.66, with a roughly 2% midpoint guidance increase.
分析师指出，基准情况下，第三季度每股收益为0.68美元，高于街道预期的0.66美元，中点指引增加约2%。
The analyst cited upside drivers such as pricing strategies, strong execution allowing shipments above long-term agreement caps, and earlier-than-expected generation 2 LEAP HPT blade shipments.
分析师提到正向因素，如定价策略、强劲执行使得发货超过长期协议上限，以及提早交付第2代LEAP HPt叶片。
Deuschle expects HWM to guide 2025 revenue in line with the Street (+10%), which could trigger further positive revisions, given a higher 2024 base and likely surprises in Engine Products EBITDA margins.
Deuschle预计HWm将指引2025年营业收入与街道一致（+10%），这可能会引发进一步的积极修订，考虑到2024年基数较高，以及引擎产品EBITDA利润率可能出现意外惊喜。
For Boeing Company (NYSE:BA), the analyst lowered the price target to $195 from $225 while maintaining a Buy rating.
对于波音公司（纽交所：BA），分析师将价格目标从225美元下调至195美元，同时维持买入评级。
The analyst anticipates a third-quarter free cash flow burn of ($4.0 billion), up from a previous estimate of ($2.4 billion), due to the strike's impact on September deliveries and ongoing cash pressures in Boeing's Defense segment.
分析师预计第三季度自由现金流将达到（40亿美元），高于先前的预估（24亿美元），这是因为罢工对9月交付的影响以及波音军工领域持续的现金压力。
The forecast includes a $1 billion EBIT loss at Boeing Defense Systems (BDS) and a $1.6 billion loss at Boeing Commercial Airplanes (BCA), adds the analyst.
预测包括波音国防系统（BDS）10亿美元的EBIT损失以及波音商用飞机（BCA）16亿美元的亏损。
Deuschle says that BCA loss forecast assumes a $1 billion forward loss on the 777X, reflecting delays in entry into service and increased costs related to union negotiations and wage hikes.
Deuschle表示，BCA的亏损预测假设777X将会出现10亿美元的未来亏损，反映了入役延迟以及与工会谈判和工资涨幅相关的成本增加。
Also Read: Boeing Workers' Union Says Decision To Cut Health Care For 33,000 Is 'Unnecessary And Cruel'
波音工会说，裁减3.3万人的医疗保健是“不必要和残忍”的决定
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图片来自shutterstock。
