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GE Vernova (GEV) Dips More Than Broader Market: What You Should Know
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GE Vernova (GEV - Free Report) closed at $997.09 in the latest trading session, marking a -3.12% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
The the energy business spun off from General Electric's stock has climbed by 5.96% in the past month, exceeding the Oils-Energy sector's gain of 2.42% and the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of GE Vernova in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company is predicted to post an EPS of $4.09, indicating a 149.39% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $12.1 billion, reflecting a 21.39% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $28.96 per share and a revenue of $46.31 billion, demonstrating changes of +63.71% and +21.65%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for GE Vernova. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. GE Vernova currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that GE Vernova has a Forward P/E ratio of 35.53 right now. Its industry sports an average Forward P/E of 17.95, so one might conclude that GE Vernova is trading at a premium comparatively.
Investors should also note that GEV has a PEG ratio of 1.85 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Alternative Energy - Other industry had an average PEG ratio of 2.05 as trading concluded yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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GE Vernova (GEV) Dips More Than Broader Market: What You Should Know
GE Vernova (GEV - Free Report) closed at $997.09 in the latest trading session, marking a -3.12% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
The the energy business spun off from General Electric's stock has climbed by 5.96% in the past month, exceeding the Oils-Energy sector's gain of 2.42% and the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of GE Vernova in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company is predicted to post an EPS of $4.09, indicating a 149.39% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $12.1 billion, reflecting a 21.39% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $28.96 per share and a revenue of $46.31 billion, demonstrating changes of +63.71% and +21.65%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for GE Vernova. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. GE Vernova currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that GE Vernova has a Forward P/E ratio of 35.53 right now. Its industry sports an average Forward P/E of 17.95, so one might conclude that GE Vernova is trading at a premium comparatively.
Investors should also note that GEV has a PEG ratio of 1.85 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Alternative Energy - Other industry had an average PEG ratio of 2.05 as trading concluded yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.