Analysts at Oppenheimer provided their near-term outlook on General Electric Company (NYSE:GE), lowering their Q1 EPS estimate to $0.20 from $0.41, but keeping their full-year estimates unchanged, in order to better account for comments on Renewables operating loss, skews mainly to H1, particularly to Q1.

The expected significant Q1 pressure reflects the specific backlog slated for delivery, with improving layers of pricing and project selection as the year advances and the company delivers from the more current Renewables backlog (plus, ramping operating and cost structure improvements).

As the company moves through a mixed near-term operating environment, with prospective enhancement through the year for Healthcare and Renewables, the Military outlook favors very robust H2 growth. This view is un-impacted by the prospective degree of global re-arming, and reflects strong alignment to growth platforms driving around 12–14% CAGR to 2025.