GE Aerospace
2026-10-19T17:03:51.276234+00:00
Shortcut
2.08Shortcut normalized EPS
+3.6% vs Street
Street
2.01Street normalized EPS
Frozen October 18 snapshot
Real
2.25Issuer adjusted diluted EPS from continuing operations
Shortcut win
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
The model forecasts Commercial Engines & Services revenue of $9.94bn at a 27.4% adjusted operating margin and Defense & Propulsion Technologies revenue of $3.52bn at 13.6%. After $360m of corporate costs, adjusted operating profit is $2.84bn.
Adjusted interest expense of $234m and a 16.8% tax rate produce adjusted diluted net income of $2.17bn. Forecast diluted shares are 1.041bn, including $2.0bn of repurchases at $330 and 6.5m dilutive shares.
Normalized diluted EPS is $2.0814618688079523 versus the frozen $2.01 Street estimate. The forecast preserves the existing segment, tax and share-count judgments.
Ancillary GAAP EPS includes a source-limited $200m BETA valuation gain and separate insurance assumptions. These do not enter the scored adjusted EPS calculation. Cost-of-services residuals, historical rounding and source-provenance limitations remain disclosed.
On the record.
- Reporting basis
- Adjusted/CapIQ normalized diluted EPS from continuing operations
- Forecast completed
- 2026-10-19T15:50:38.171592+00:00
- Published
- 2026-10-19T17:03:51.276234+00:00
Model assumptions and review notes
- The scored target is adjusted/CapIQ normalized diluted EPS from continuing operations in USD per ordinary share. It excludes run-off insurance and the equity-security gain assumptions shown in GAAP EPS.
- Ancillary GAAP EPS assumes a source-limited $200m pre-tax BETA mark-to-market gain without a documented stake size. This adds about $0.15 per share to GAAP EPS and is excluded from adjusted EPS.
- GAAP cost of services is a balancing residual; gross profit and gross margin are not independent forecasts. Forecast-period model checks include identities, not independent validation of assumptions.
- The interest guidance note understates first-half expense by $1m; the retained $234m Q3 assumption is consistent with rounding half the corrected second-half remainder.
- YTD cash-flow blocks and some Inputs/Geo memos retain presentation ambiguities. FY25 GAAP numerators mix reported annual and summed quarterly rounding conventions, disclosed in the workbook.
- Source publication dates precede the cutoff, but retrieval happened later without immutable page snapshots. The experimental beat-probability prior and final judgmental overlay are not EPS multipliers or established empirical guarantees.
- Fourth-quarter2025 weighted basic shares are approximated from annual and quarterly averages. Organic-growth tracking remains unavailable where M&A/FX effects are not disclosed; no zeros are imputed.