GE Vernova Set to Announce Q4 Earnings on January 28
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement: GE Vernova is set to release its Q4 earnings on January 28 before market open, with consensus EPS estimated at $3.14 and revenue at $10.22 billion, reflecting a 3.2% year-over-year decline.
- Earnings Estimate Changes: Over the past three months, EPS estimates have seen 4 upward revisions and 3 downward adjustments, indicating mixed market sentiment regarding the company's profitability.
- Revenue Estimate Fluctuations: Revenue estimates have experienced 2 upward revisions and 4 downward adjustments, highlighting concerns about future revenue growth that could impact investor confidence.
- Market Analysis Trends: While GLJ has set a new street-high price target for GE Vernova, Baird has cut its rating due to oversupply concerns, illustrating divergent views on the company's outlook.
Analyst Views on GEV
Wall Street analysts forecast GEV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEV is 769.15 USD with a low forecast of 475.00 USD and a high forecast of 1000.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
16 Buy
6 Hold
1 Sell
Moderate Buy
Current: 665.990
Low
475.00
Averages
769.15
High
1000.00
Current: 665.990
Low
475.00
Averages
769.15
High
1000.00
About GEV
GE Vernova Inc. is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. It designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Power segment includes the design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification segment includes grid solutions, power conversion and storage, and electrification software technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. Its accelerator business includes advanced research, consulting services and financial services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
