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GE Vernova (GEV) Surpasses Market Returns: Some Facts Worth Knowing
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GE Vernova (GEV - Free Report) closed the most recent trading day at $940.33, moving +1.66% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The the energy business spun off from General Electric's shares have seen a decrease of 4.25% over the last month, not keeping up with the Oils-Energy sector's gain of 1.36% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of GE Vernova in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.08, indicating a 148.78% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $12.07 billion, indicating a 21.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $30.49 per share and a revenue of $46.3 billion, demonstrating changes of +72.36% and +21.61%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for GE Vernova. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.34% downward. GE Vernova presently features a Zacks Rank of #3 (Hold).
Investors should also note GE Vernova's current valuation metrics, including its Forward P/E ratio of 30.33. This indicates a premium in contrast to its industry's Forward P/E of 17.89.
We can also see that GEV currently has a PEG ratio of 2.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Alternative Energy - Other industry had an average PEG ratio of 2.22 as trading concluded yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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GE Vernova (GEV) Surpasses Market Returns: Some Facts Worth Knowing
GE Vernova (GEV - Free Report) closed the most recent trading day at $940.33, moving +1.66% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The the energy business spun off from General Electric's shares have seen a decrease of 4.25% over the last month, not keeping up with the Oils-Energy sector's gain of 1.36% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of GE Vernova in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.08, indicating a 148.78% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $12.07 billion, indicating a 21.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $30.49 per share and a revenue of $46.3 billion, demonstrating changes of +72.36% and +21.61%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for GE Vernova. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.34% downward. GE Vernova presently features a Zacks Rank of #3 (Hold).
Investors should also note GE Vernova's current valuation metrics, including its Forward P/E ratio of 30.33. This indicates a premium in contrast to its industry's Forward P/E of 17.89.
We can also see that GEV currently has a PEG ratio of 2.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Alternative Energy - Other industry had an average PEG ratio of 2.22 as trading concluded yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.