Analysts on Wall Street project that GE Vernova (GEV) will announce quarterly earnings of $4.03 per share in its forthcoming report, representing an increase of 145.7% year over year. Revenues are projected to reach $12.1 billion, increasing 21.4% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.3% to its current level. This demonstrates the covering analysts’ collective reassessment of their initial projections during this period.
Ahead of a company’s earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts’ projections for some of the company’s key metrics often helps gain a deeper insight.
Given this perspective, it’s time to examine the average forecasts of specific GE Vernova metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated ‘Revenues- Wind’ of $2.33 billion. The estimate indicates a change of -11.9% from the prior-year quarter.
According to the collective judgment of analysts, ‘Revenues- Wind- Services’ should come in at $466.86 million. The estimate points to a change of +5.2% from the year-ago quarter.
Based on the collective assessment of analysts, ‘Revenues- Wind- Equipment’ should arrive at $1.87 billion. The estimate suggests a change of -15% year over year.
The consensus estimate for ‘Revenues- Power’ stands at $5.74 billion. The estimate indicates a year-over-year change of +18.6%.
Analysts’ assessment points toward ‘Revenues- Electrification’ reaching $4.01 billion. The estimate suggests a change of +54.1% year over year.
Analysts expect ‘Revenues- Power- Services’ to come in at $3.48 billion. The estimate indicates a year-over-year change of +12.8%.
It is projected by analysts that the ‘Revenues- Power- Equipment’ will reach $2.26 billion. The estimate suggests a change of +35.2% year over year.
Analysts predict that the ‘Revenues- Electrification- Equipment’ will reach $3.20 billion. The estimate suggests a change of +58.6% year over year.
Analysts forecast ‘Revenues- Wind- Offshore Wind’ to reach $257.78 million. The estimate suggests a change of +32.2% year over year.
The consensus among analysts is that ‘Revenues- Wind- Onshore Wind’ will reach $2.08 billion. The estimate indicates a year-over-year change of -13.6%.
The average prediction of analysts places ‘Revenues- Power- Gas Power’ at $4.84 billion. The estimate indicates a year-over-year change of +23.4%.
The combined assessment of analysts suggests that ‘Power – Gas Turbine Gigawatts’ will likely reach N/A. The estimate compares to the year-ago value of N/A.
View all Key Company Metrics for GE Vernova here>>>
Over the past month, shares of GE Vernova have returned -10% versus the Zacks S&P 500 composite’s -0.8% change. Currently, GEV carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
GE Vernova Inc. (GEV) : Free Stock Analysis Report
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.
