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GE has been selectively acquiring assets to boost its Industrial Internet vision. Such opportune transactions are likely to improve the top line of the company. In addition, GE has also inked a definitive agreement with Baker Hughes Incorporated to merge its Oil & Gas business with the latter to form an industry leader with an unrivalled mix of service and equipment capabilities. However, for a company as large as GE, additional revenues needed for growth are quite large, posing a challenge in developing businesses on such a vast scale. Visit This LinkIn the last four trailing quarters, GE has reported a positive average earnings surprise of 4.5%, beating estimates thrice. Earnings estimate revisions have remained static in the last month as investors retain a neutral stance about the performance of the company. Currently, GE has a Zacks Rank #3 (Hold), but that could definitely change following fourth-quarter 2016 earnings report, which was just released. We have highlighted some of the key stats from this just-revealed announcement below: Earnings: GE operating earnings matches estimates. The Zacks Consensus Estimate called for EPS of 46 cents, and the company reported operating+verticals EPS of 46 cents as well. Revenue: Quarterly revenues miss estimates.
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