The most recent trading session ended with GE Vernova (GEV) standing at $328.16, reflecting a -0.12% shift from the previouse trading day's closing. This change was narrower than the S&P 500's daily loss of 2.24%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 3.07%.
Shares of the the energy business spun off from General Electric have appreciated by 3.02% over the course of the past month, outperforming the Oils-Energy sector's loss of 10.3% and the S&P 500's loss of 4.17%.
Market participants will be closely following the financial results of GE Vernova in its upcoming release. The company plans to announce its earnings on April 23, 2025. In that report, analysts expect GE Vernova to post earnings of $0.44 per share. This would mark year-over-year growth of 207.32%. At the same time, our most recent consensus estimate is projecting a revenue of $7.53 billion, reflecting a 3.79% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.44 per share and a revenue of $36.71 billion, demonstrating changes of +15.41% and +5.07%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for GE Vernova. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.28% lower within the past month. GE Vernova is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, GE Vernova is presently trading at a Forward P/E ratio of 50.99. Its industry sports an average Forward P/E of 17.93, 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 2.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Alternative Energy - Other industry currently had an average PEG ratio of 1.16 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 75, finds itself in the top 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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GE Vernova Inc. (GEV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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