GE Vernova (GEV) Expected to Announce Earnings on Wednesday

GE Vernova (NYSE:GEV - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect GE Vernova to post earnings of $0.45 per share and revenue of $7.56 billion for the quarter. GE Vernova has set its FY 2025 guidance at EPS.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.46. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the prior year, the business posted ($0.47) earnings per share. On average, analysts expect GE Vernova to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.

GE Vernova Stock Performance

Shares of GEV stock traded up $26.10 during trading hours on Thursday, hitting $362.19. 3,400,339 shares of the company were exchanged, compared to its average volume of 3,367,089. The stock has a market capitalization of $99.00 billion and a price-to-earnings ratio of 65.19. GE Vernova has a one year low of $138.67 and a one year high of $447.50. The business's 50-day simple moving average is $319.03 and its two-hundred day simple moving average is $331.01.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. GE Vernova's payout ratio is currently 17.99%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Susquehanna boosted their price target on shares of GE Vernova from $370.00 to $399.00 and gave the stock a "positive" rating in a research report on Thursday. Citigroup reduced their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. CICC Research began coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They issued an "outperform" rating on the stock. Finally, Marathon Capitl raised GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $369.22.

Institutional Trading of GE Vernova

A hedge fund recently raised its stake in GE Vernova stock. Brighton Jones LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,315 shares of the company's stock after acquiring an additional 753 shares during the period. Brighton Jones LLC's holdings in GE Vernova were worth $1,091,000 at the end of the most recent quarter.

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.