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GE Vernova (GEV) Registers a Bigger Fall Than the Market: Important Facts to Note
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GE Vernova (GEV - Free Report) ended the recent trading session at $941.78, demonstrating a -6.2% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.11% for the day. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1.88%.
Heading into today, shares of the the energy business spun off from General Electric had gained 13.73% over the past month, outpacing the Oils-Energy sector's gain of 4.62% and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of GE Vernova in its upcoming earnings disclosure. The company's earnings report is set to go public on October 28, 2026. The company is predicted to post an EPS of $4.03, indicating a 145.73% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $12.1 billion, up 21.39% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $30.5 per share and a revenue of $46.32 billion, representing changes of +72.41% and +21.66%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for GE Vernova. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% upward. At present, GE Vernova boasts a Zacks Rank of #3 (Hold).
Investors should also note GE Vernova's current valuation metrics, including its Forward P/E ratio of 32.92. Its industry sports an average Forward P/E of 17.7, so one might conclude that GE Vernova is trading at a premium comparatively.
One should further note that GEV currently holds a PEG ratio of 1.71. 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 2.02.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 97, positioning it in the top 40% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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GE Vernova (GEV) Registers a Bigger Fall Than the Market: Important Facts to Note
GE Vernova (GEV - Free Report) ended the recent trading session at $941.78, demonstrating a -6.2% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.11% for the day. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1.88%.
Heading into today, shares of the the energy business spun off from General Electric had gained 13.73% over the past month, outpacing the Oils-Energy sector's gain of 4.62% and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of GE Vernova in its upcoming earnings disclosure. The company's earnings report is set to go public on October 28, 2026. The company is predicted to post an EPS of $4.03, indicating a 145.73% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $12.1 billion, up 21.39% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $30.5 per share and a revenue of $46.32 billion, representing changes of +72.41% and +21.66%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for GE Vernova. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% upward. At present, GE Vernova boasts a Zacks Rank of #3 (Hold).
Investors should also note GE Vernova's current valuation metrics, including its Forward P/E ratio of 32.92. Its industry sports an average Forward P/E of 17.7, so one might conclude that GE Vernova is trading at a premium comparatively.
One should further note that GEV currently holds a PEG ratio of 1.71. 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 2.02.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 97, positioning it in the top 40% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.