share_log

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

GE和Howmet準備好迎來強勁的收益,航空航天板塊保持彈性:分析師
Benzinga ·  10/04 03:10

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).

德意志銀行分析師斯科特·德奇勒(Scott Deuschle)調整了價格目標,併爲通用電氣航空(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預覽。

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.

分析師表示,這些股票對最終市場挑戰具有很好的保護,並可能實現最大的盈利超預期,並推動重大的上調。

GE Aerospace: The analyst raised the price target to $235 from $212 while maintaining a Buy rating.

通用電氣航空:分析師將價格目標從212美元上調至235美元,同時維持買入評級。

Deuschle expects a 9% EPS beat in their base case and a 15% beat in the blue sky scenario for the third quarter.

德奇勒預計他們的基本情況下每股收益將超出9%,而在藍天情形下將超出15%。

In both cases, the analyst anticipates an increase in 2024 guidance, with a potential 7% EBIT rise if the blue sky scenario occurs.

在這兩種情形下,分析師預計2024年會出現指引增長,如果藍天情形發生,潛在的EBIt增長率將達到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.

來自夏季飛行季的強勁CSA收入可能會推動自由現金流(FCF)超出預期,從而提高FCF指引,分析師補充道。

Overall, Deuschle says that they are optimistic ahead of the earnings release due to the potential for a significant beat and raise this quarter.

總體而言,德奇勒表示他們對即將發佈的業績持樂觀態度,因爲本季度可能會出現重大利潤超預期,並上調。

Read: GE Aerospace Takes Flight With AI Wingmate: Boosts Innovation, Employee Productivity With Microsoft's Azure AI

閱讀:通用電氣航空與人工智能合作伙伴起飛:通過微軟的Azure AI推動創新,提高員工生產力

Howmet: The analyst raised the price target to $125 from $106 while maintaining a Buy rating.

Howmet:分析師將價格目標從106美元上調至125美元,同時維持買入評級。

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.

分析師指出,基準情況下,第三季度每股收益爲0.68美元,高於街道預期的0.66美元,中點指引增加約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.

分析師提到正向因素,如定價策略、強勁執行使得發貨超過長期協議上限,以及提早交付第2代LEAP HPt葉片。

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預計HWm將指引2025年營業收入與街道一致(+10%),這可能會引發進一步的積極修訂,考慮到2024年基數較高,以及引擎產品EBITDA利潤率可能出現意外驚喜。

For Boeing Company (NYSE:BA), the analyst lowered the price target to $195 from $225 while maintaining a Buy rating.

對於波音公司(紐交所:BA),分析師將價格目標從225美元下調至195美元,同時維持買入評級。

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.

分析師預計第三季度自由現金流將達到(40億美元),高於先前的預估(24億美元),這是因爲罷工對9月交付的影響以及波音軍工領域持續的現金壓力。

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.

預測包括波音國防系統(BDS)10億美元的EBIT損失以及波音商用飛機(BCA)16億美元的虧損。

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的虧損預測假設777X將會出現10億美元的未來虧損,反映了入役延遲以及與工會談判和工資漲幅相關的成本增加。

Also Read: Boeing Workers' Union Says Decision To Cut Health Care For 33,000 Is 'Unnecessary And Cruel'

波音工會說,裁減3.3萬人的醫療保健是「不必要和殘忍」的決定

Image via Shutterstock

圖片來自shutterstock。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論

    聲明

    本頁的譯文內容由軟件翻譯。 Moomoo將竭力但卻不能保證翻譯內容之準確和可靠,亦不會承擔因任何不準確或遺漏而引起的任何損失或損害。