
Holding company and industrial conglomerate Icahn (NYSE: IEP) will be reporting earnings this Wednesday morning. Here’s what investors should know.
Icahn Enterprises beat analysts’ revenue expectations last quarter, reporting revenues of $2.51 billion, down 9.9% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS and revenue estimates.
Is Icahn Enterprises a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Icahn Enterprises’s revenue to decline 4% year on year, in line with the 4.4% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Icahn Enterprises has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Icahn Enterprises’s peers in the general industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Columbus McKinnon delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 5.3%, and GE Aerospace reported revenues up 20.1%, topping estimates by 6.3%. Columbus McKinnon’s stock price was unchanged after the resultswhile GE Aerospace was down 7.7%.
Read our full analysis of Columbus McKinnon’s results here and GE Aerospace’s results here.
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 4.3% on average over the last month. Icahn Enterprises is down 2% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $7.75).
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