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GE Vernova (GEV) Gains As Market Dips: What You Should Know
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In the latest trading session, GE Vernova (GEV - Free Report) closed at $962.49, marking a +1.34% move from the previous day. This change outpaced the S&P 500's 0.17% loss on the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Shares of the the energy business spun off from General Electric have appreciated by 5.7% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.04%, and the S&P 500's loss of 0.24%.
The investment community will be paying close attention to the earnings performance of GE Vernova in its upcoming release. In that report, analysts expect GE Vernova to post earnings of $4.08 per share. This would mark year-over-year growth of 148.78%. Meanwhile, the latest consensus estimate predicts the revenue to be $12.07 billion, indicating a 21.11% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $30.49 per share and revenue of $46.29 billion, which would represent changes of +72.36% and +21.61%, respectively, from the prior year.
Any recent changes to analyst estimates for GE Vernova should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.63% lower. At present, GE Vernova boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, GE Vernova is holding a Forward P/E ratio of 31.15. This signifies a premium in comparison to the average Forward P/E of 17.14 for its industry.
One should further note that GEV currently holds a PEG ratio of 2.22. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Alternative Energy - Other industry held an average PEG ratio of 2.17.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 108, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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GE Vernova (GEV) Gains As Market Dips: What You Should Know
In the latest trading session, GE Vernova (GEV - Free Report) closed at $962.49, marking a +1.34% move from the previous day. This change outpaced the S&P 500's 0.17% loss on the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Shares of the the energy business spun off from General Electric have appreciated by 5.7% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.04%, and the S&P 500's loss of 0.24%.
The investment community will be paying close attention to the earnings performance of GE Vernova in its upcoming release. In that report, analysts expect GE Vernova to post earnings of $4.08 per share. This would mark year-over-year growth of 148.78%. Meanwhile, the latest consensus estimate predicts the revenue to be $12.07 billion, indicating a 21.11% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $30.49 per share and revenue of $46.29 billion, which would represent changes of +72.36% and +21.61%, respectively, from the prior year.
Any recent changes to analyst estimates for GE Vernova should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.63% lower. At present, GE Vernova boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, GE Vernova is holding a Forward P/E ratio of 31.15. This signifies a premium in comparison to the average Forward P/E of 17.14 for its industry.
One should further note that GEV currently holds a PEG ratio of 2.22. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Alternative Energy - Other industry held an average PEG ratio of 2.17.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 108, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.