GE Vernova (GEV) Set to Announce Earnings on Wednesday

GE Vernova (NYSE:GEV - Get Free Report) is set to announce its earnings results before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. GE Vernova has set its FY 2024 guidance at EPS.Investors interested in listening to the company's conference call can do so using this link.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.17). The company had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion. On average, analysts expect GE Vernova to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

GE Vernova Stock Down 9.3 %

GEV stock traded down $16.91 during trading on Wednesday, reaching $165.83. The company had a trading volume of 6,029,186 shares, compared to its average volume of 4,263,028. The business has a 50-day simple moving average of $171.70. GE Vernova has a twelve month low of $115.00 and a twelve month high of $185.50.

Analyst Ratings Changes

A number of research firms recently commented on GEV. JPMorgan Chase & Co. lifted their target price on shares of GE Vernova from $186.00 to $195.00 and gave the stock an "overweight" rating in a research note on Tuesday. Bank of America began coverage on shares of GE Vernova in a research note on Wednesday, April 24th. They issued a "neutral" rating and a $150.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $172.00 to $196.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Daiwa America upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Friday, June 21st. Finally, Morgan Stanley initiated coverage on shares of GE Vernova in a research report on Thursday, May 23rd. They set an "equal weight" rating and a $167.00 price target for the company. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.89.

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.