General Electric is set to report FQ2 2014 earnings before the market opens on Friday, July 18th. This quarter 26 contributing analysts on Estimize.com have come to a consensus earnings expectation of 41c EPS and $36.492B in revenue compared to a consensus of 39c EPS and $36.258B from Wall Street. Over the previous 6 quarters Estimize.com has been more accurate than Wall Street in forecasting GE’s earnings per share and revenue 4 and 3 times respectively.
Last quarter GE posted in-line with the Estimize community on EPS, but missed the sales forecast from both Estimize and Wall Street. Although revenue declined 2% on a year over year basis last quarter, this period contributing analysts on Estimize.com expect GE to rebound to a yoy increase of 4%.
Estimize.com ranks and allows the sorting of analysts by accuracy, the analyst with the lowest error rate on GE with at least 2 estimates scored goes by the username njhounds. Over 2 previously scored estimates njhounds has averaged an impressively low error rate of 0.9%. Estimize is completely open and free for anyone to contribute, and the base of contributing analysts on the platform includes hedge fund analysts, asset managers, independent research shops, non professional investors, and students.
The Estimize consensus was more accurate than the Wall Street consensus 65% of the time last quarter on the coverage of nearly 1000 stocks. A combination of algorithms ensures that the data is not only clean and free from people attempting to game the system, but also weighs past performance and many other factors to gauge future accuracy.
Contributing analysts on the Estimize.com platform are forecasting that GE will report earnings 2c (5%) ahead Wall Street’s EPS forecast and beat the Street’s revenue consensus by $233 million (1%). The Estimize community also expects earnings to grow by 5c (14%) per share from 36c in FQ2 of last year to 41c this quarter.