Wall Street analysts forecast that GE Vernova (GEV) will report quarterly earnings of $4.03 per share in its upcoming release, pointing to a year-over-year increase of 145.7%. It is anticipated that revenues will amount to $12.1 billion, exhibiting an increase of 21.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 3.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company’s earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts’ forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let’s dive into the average estimates of certain GE Vernova metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts’ assessment points toward ‘Revenues- Wind’ reaching $2.33 billion. The estimate points to a change of -11.9% from the year-ago quarter.
The average prediction of analysts places ‘Revenues- Wind- Services’ at $466.86 million. The estimate points to a change of +5.2% from the year-ago quarter.
Analysts predict that the ‘Revenues- Wind- Equipment’ will reach $1.87 billion. The estimate indicates a year-over-year change of -15%.
Analysts expect ‘Revenues- Power’ to come in at $5.74 billion. The estimate suggests a change of +18.6% year over year.
It is projected by analysts that the ‘Revenues- Electrification’ will reach $4.01 billion. The estimate indicates a change of +54.1% from the prior-year quarter.
Analysts forecast ‘Revenues- Power- Services’ to reach $3.48 billion. The estimate indicates a year-over-year change of +12.8%.
The consensus estimate for ‘Revenues- Power- Equipment’ stands at $2.26 billion. The estimate points to a change of +35.2% from the year-ago quarter.
The consensus among analysts is that ‘Revenues- Electrification- Equipment’ will reach $3.20 billion. The estimate indicates a change of +58.6% from the prior-year quarter.
According to the collective judgment of analysts, ‘Revenues- Wind- Offshore Wind’ should come in at $257.78 million. The estimate indicates a change of +32.2% from the prior-year quarter.
The combined assessment of analysts suggests that ‘Revenues- Wind- Onshore Wind’ will likely reach $2.08 billion. The estimate points to a change of -13.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated ‘Revenues- Power- Gas Power’ of $4.84 billion. The estimate points to a change of +23.4% from the year-ago quarter.
Based on the collective assessment of analysts, ‘Power – Gas Turbine Gigawatts’ should arrive at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
View all Key Company Metrics for GE Vernova here>>>
Shares of GE Vernova have experienced a change of -13.4% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), GEV is expected to mirror the overall market performance in the near future. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>> .
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This article originally published on Zacks Investment Research (zacks.com).
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
