What is William Blair's Estimate for GE Vernova Q4 Earnings?

GE Vernova Inc. (NYSE:GEV - Free Report) - Analysts at William Blair raised their Q4 2024 earnings estimates for GE Vernova in a research report issued on Monday, November 18th. William Blair analyst J. Dorsheimer now expects that the company will post earnings per share of $2.51 for the quarter, up from their prior forecast of $2.27. 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 Q3 2025 earnings at $1.83 EPS and Q4 2025 earnings at $2.57 EPS.

A number of other analysts have also issued reports on GEV. Royal Bank of Canada raised their target price on GE Vernova from $262.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Oppenheimer started coverage on GE Vernova in a research report on Thursday, September 26th. They set a "market perform" rating on the stock. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They issued a "buy" rating and a $300.00 price target for the company. Hsbc Global Res lowered GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. boosted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen 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 an average price target of $264.55.

GE Vernova Stock Performance

GEV traded up $14.55 during trading on Tuesday, hitting $339.92. The stock had a trading volume of 2,198,786 shares, compared to its average volume of 3,506,230. GE Vernova has a 12 month low of $115.00 and a 12 month high of $349.79. The company has a 50 day simple moving average of $278.72 and a 200-day simple moving average of $211.66.

Institutional Investors Weigh In On GE Vernova

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of GE Vernova by 2.5% in the third quarter. FMR LLC now owns 24,047,678 shares of the company's stock valued at $6,131,677,000 after purchasing an additional 584,208 shares during the last quarter. State Street Corp increased its stake in GE Vernova by 1.1% in the 3rd quarter. State Street Corp now owns 10,434,917 shares of the company's stock valued at $2,660,695,000 after buying an additional 118,184 shares during the last quarter. Mountaineer Partners Management LLC bought a new stake in GE Vernova during the 3rd quarter worth about $2,507,296,000. Geode Capital Management LLC boosted its stake in shares of GE Vernova by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,594,223 shares of the company's stock worth $1,420,763,000 after buying an additional 80,479 shares during the last quarter. Finally, Newport Trust Company LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $650,140,000.

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.