GEV Earnings Prediction
The chart below shows how GEV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GEV sees a -4.01% change in stock price 10 days leading up to the earnings, and a +2.89% change 10 days following the report. On the earnings day itself, the stock moves by +0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
GEV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.91B
--
8.64%
Gross Margin
14.10%
--
-32.63%
Operating Margin
-1.71%
--
-123.82%
Net Margin
-1.11%
--
-107.12%
EPS
-0.35
--
-107.53%
No Data Available
GEV Earnings Analysis
GE Vernova Inc. Corporation (GEV.N) Earnings Conference Call
Positive
Strong Orders and Revenue Growth: In Q3 2024, GE Vernova delivered solid results with double-digit orders and revenue growth led by Power and Electrification.
Orders Growth Surge: Orders grew 34%, driven by higher equipment and services demand in Gas Power.
Backlog Growth Analysis: The backlog of $118 billion grew both year-over-year and sequentially, reflecting disciplined profitable growth priorities.
Revenue Growth Across Segments: Revenue increased 10% in both equipment and services, with service revenue growing across all segments.
EBITDA Margin Expansion: Adjusted EBITDA margin expanded by nearly 700 basis points on strong volume, pricing, and productivity.
Negative
Quarterly Revenue Decline: Revenue decreased slightly in the quarter, impacted by execution delays resulting in lower revenue, partially offset by a settlement of approximately $500 million for a previously canceled offshore project.
Wind Orders Decline: Wind orders declined 19% due to lower onshore equipment orders outside of North America, as we remain selective about the markets we serve.
Fatality Impact on Results: We experienced a fatality this quarter in an onshore wind site in Sweden, which has impacted our customers and our financial results with a significant loss this quarter.
Blade Manufacturing Deviation: We have finalized root cause analysis and confirmed the blade issue at Vineyard Wind was caused by a manufacturing deviation from our factory in Canada.
Financial Loss Impact: We have had a difficult four months and are disappointed given the impact on our customers and on our financial results with a significant loss we took this quarter.
GEV FAQs
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GEV Earning Call Sentiment
GE Vernova Inc. (GEV) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GEV.N
-21.52%Positive
The earnings call presents a mixed outlook. Financial performance is strong with revenue and cash flow growth, but challenges exist in wind segment revenue and safety risks. The Q&A reveals cautious optimism with some uncertainties, particularly in onshore wind. Shareholder return plans are positive, but market dynamics and execution delays temper enthusiasm. Overall, the sentiment is balanced, leading to a neutral prediction.