GE Aerospace and Halliburton are both scheduled to report third-quarter results before Tuesday's opening bell, among the first of more than 200 companies due to post earnings this week — a test of whether Monday's narrow, Amazon-led rebound on Wall Street can broaden into something more durable.
GE Aerospace heads into the report riding an eight-quarter streak of beating consensus earnings estimates. Analysts expect adjusted earnings of roughly $2.01 a share on revenue near $12.88 billion, per a preview of the report, building on a second quarter in which the company posted $16.5 billion in new orders, up 17%, and raised its full-year adjusted-earnings guidance to a range of $7.65 to $7.85 a share.
A Services-Heavy Quarter for Halliburton
Halliburton's call is set for 8 a.m. Central time, with analysts looking for roughly 58 cents a share in earnings on $5.6 billion in revenue, according to pre-earnings estimates tracked by Finviz. The oilfield-services giant has flagged disruptions tied to Middle East conflict, equipment-mobilization costs and an internal systems migration as potential drags on the quarter, even as elevated activity in the Gulf region has offered some offsetting support.
Neither company's actual results were available as of this writing; both are due out before the bell. GE Aerospace's report will be closely watched as a bellwether for industrial and travel-sector demand, given the company's exposure to commercial jet-engine servicing — a business that has benefited as airlines keep older aircraft flying longer amid persistent new-plane delivery delays.
The results arrive as investors are already debating how selective to be about the AI-and-infrastructure trade that dominated Monday's session; a strong industrial print from GE, paired with any commentary on supply-chain costs, could either reinforce Monday's optimism or add to the market's case for caution heading into the rest of the week's reports.
Coca-Cola, Lockheed Martin and Elevance Health are also among the pre-market reporters this week, rounding out an unusually dense stretch of results that will keep traders busy parsing earnings alongside the oil market's own cross-currents.