GE Vernova FY2024 EPS Estimate Decreased by William Blair

GE Vernova Inc. (NYSE:GEV - Free Report) - Research analysts at William Blair decreased their FY2024 earnings estimates for GE Vernova in a research report issued on Monday, November 18th. William Blair analyst J. Dorsheimer now forecasts that the company will post earnings of $2.20 per share for the year, down from their prior forecast of $2.78. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for GE Vernova's current full-year earnings is $2.53 per share. William Blair also issued estimates for GE Vernova's Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.04 EPS and FY2025 earnings at $8.29 EPS.

Several other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research note on Monday, October 21st. They issued a "buy" rating and a $354.00 price objective for the company. Mizuho lifted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a "market perform" rating for the company. Finally, Bank of America upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $264.55.

GE Vernova Stock Performance

GEV traded up $2.71 on Wednesday, reaching $342.71. 1,179,806 shares of the stock were exchanged, compared to its average volume of 3,491,921. The company's 50-day moving average price is $278.72 and its 200 day moving average price is $211.66. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova during the second quarter worth approximately $27,000.

About GE Vernova

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.