GE Vernova (GEV) Scheduled to Post Quarterly Earnings on Wednesday

GE Vernova (NYSE:GEV) will be issuing its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.84 per share for the quarter. GE Vernova has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. On average, analysts expect GE Vernova to post $3 EPS for the current fiscal year and $6 EPS for the next fiscal year.

GE Vernova Trading Down 1.2 %

Shares of NYSE:GEV opened at $266.36 on Wednesday. GE Vernova has a one year low of $115.00 and a one year high of $270.87. The company’s 50-day moving average is $218.99.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Redburn Atlantic assumed coverage on GE Vernova in a research report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price for the company. Mizuho upped their price objective on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Truist Financial assumed coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target for the company. Finally, Daiwa America upgraded GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.78.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.