In the latest trading session, General Electric (GE) closed at $12.81, marking a -0.62% move from the previous day. This move lagged the S&P 500's daily gain of 0.12%.Coming into today, shares of the industrial conglomerate had lost 4.8% in the past month. In that same time, the Conglomerates sector gained 2.11%, while the S&P 500 gained 3%.GE will be looking to display strength as it nears its next earnings release, which is expected to be July 27, 2021. On that day, GE is projected to report earnings of $0.04 per share, which would represent year-over-year growth of 126.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.28 billion, up 2.99% from the year-ago period.GE's full-year Zacks Consensus Estimates are calling for earnings of $0.26 per share and revenue of $77.82 billion. These results would represent year-over-year changes of +2500% and -2.26%, respectively.Investors should also note any recent changes to analyst estimates for GE. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% lower. GE is holding a Zacks Rank of #4 (Sell) right now.Valuation is also important, so investors should note that GE has a Forward P/E ratio of 50.13 right now. This valuation marks a premium compared to its industry's average Forward P/E of 20.84.Meanwhile, GE's PEG ratio is currently 11.79. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Diversified Operations stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 82, putting it in the top 33% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow GE in the coming trading sessions, be sure to utilize Zacks.com. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Electric Company (GE): Free Stock Analysis Report To read this article on Zacks.com click here.