We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About GE Vernova (GEV) Q1 Earnings
Read MoreHide Full Article
Wall Street analysts expect GE Vernova (GEV - Free Report) to post quarterly earnings of $1.79 per share in its upcoming report, which indicates a year-over-year increase of 96.7%. Revenues are expected to be $9.29 billion, up 15.6% from the year-ago quarter.
The current level reflects an upward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some GE Vernova metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenues- Power- Equipment' should arrive at $1.72 billion. The estimate suggests a change of +20.8% year over year.
The combined assessment of analysts suggests that 'Revenues- Wind- Services' will likely reach $405.69 million. The estimate suggests a change of -7.4% year over year.
Analysts predict that the 'Revenues- Wind- Equipment' will reach $1.10 billion. The estimate indicates a year-over-year change of -21.7%.
Analysts' assessment points toward 'Revenues- Wind' reaching $1.51 billion. The estimate indicates a year-over-year change of -18.6%.
It is projected by analysts that the 'Revenues- Power' will reach $4.83 billion. The estimate suggests a change of +9.1% year over year.
The consensus estimate for 'Revenues- Electrification' stands at $2.91 billion. The estimate points to a change of +54.8% from the year-ago quarter.
Analysts forecast 'Revenues- Power- Services' to reach $3.11 billion. The estimate suggests a change of +6.3% year over year.
The consensus among analysts is that 'Revenues- Wind- Onshore Wind' will reach $1.29 billion. The estimate points to a change of -18.7% from the year-ago quarter.
The average prediction of analysts places 'Revenues- Wind- Offshore Wind' at $163.52 million. The estimate points to a change of -19.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Wind- LM Wind Power' of $59.26 million. The estimate indicates a change of -5.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Electrification- Equipment' should come in at $2.23 billion. The estimate indicates a year-over-year change of +63.1%.
Analysts expect 'Power - Gas Turbine Gigawatts' to come in at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Shares of GE Vernova have experienced a change of +11.5% in the past month compared to the +5.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), GEV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About GE Vernova (GEV) Q1 Earnings
Wall Street analysts expect GE Vernova (GEV - Free Report) to post quarterly earnings of $1.79 per share in its upcoming report, which indicates a year-over-year increase of 96.7%. Revenues are expected to be $9.29 billion, up 15.6% from the year-ago quarter.
The current level reflects an upward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some GE Vernova metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenues- Power- Equipment' should arrive at $1.72 billion. The estimate suggests a change of +20.8% year over year.
The combined assessment of analysts suggests that 'Revenues- Wind- Services' will likely reach $405.69 million. The estimate suggests a change of -7.4% year over year.
Analysts predict that the 'Revenues- Wind- Equipment' will reach $1.10 billion. The estimate indicates a year-over-year change of -21.7%.
Analysts' assessment points toward 'Revenues- Wind' reaching $1.51 billion. The estimate indicates a year-over-year change of -18.6%.
It is projected by analysts that the 'Revenues- Power' will reach $4.83 billion. The estimate suggests a change of +9.1% year over year.
The consensus estimate for 'Revenues- Electrification' stands at $2.91 billion. The estimate points to a change of +54.8% from the year-ago quarter.
Analysts forecast 'Revenues- Power- Services' to reach $3.11 billion. The estimate suggests a change of +6.3% year over year.
The consensus among analysts is that 'Revenues- Wind- Onshore Wind' will reach $1.29 billion. The estimate points to a change of -18.7% from the year-ago quarter.
The average prediction of analysts places 'Revenues- Wind- Offshore Wind' at $163.52 million. The estimate points to a change of -19.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Wind- LM Wind Power' of $59.26 million. The estimate indicates a change of -5.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Electrification- Equipment' should come in at $2.23 billion. The estimate indicates a year-over-year change of +63.1%.
Analysts expect 'Power - Gas Turbine Gigawatts' to come in at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
View all Key Company Metrics for GE Vernova here>>>Shares of GE Vernova have experienced a change of +11.5% in the past month compared to the +5.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), GEV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .