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 that wish to listen to the company’s conference call can do so using this link.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to the consensus estimate 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 Price Performance

Shares of NYSE GEV opened at $266.36 on Wednesday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $270.87. The company’s 50-day simple moving average is $218.99.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GEV. Mizuho boosted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Redburn Atlantic began coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price on the stock. Daiwa Capital Markets assumed coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $240.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their target price on shares of GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average 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.