FY2024 EPS Estimate for GE Vernova Decreased by Analyst

GE Vernova Inc. (NYSE:GEV) – William Blair lowered their FY2024 earnings per share estimates for GE Vernova in a research report issued on Monday, November 18th. William Blair analyst J. Dorsheimer now expects that the company will post earnings per share of $2.20 for the year, down from their prior estimate of $2.78. William Blair has a “Outperform” rating on the stock. The consensus estimate for GE Vernova’s current full-year earnings is $2.53 per share. William Blair also issued estimates for GE Vernova’s Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.04 EPS and FY2025 earnings at $8.29 EPS.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group raised their price target on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Evercore ISI raised their target price on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their price target on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Barclays raised their price target on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Trading Up 0.8 %

Shares of NYSE:GEV opened at $342.77 on Wednesday. The company’s 50-day moving average price is $281.39 and its 200 day moving average price is $212.57. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the second quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova during the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in GE Vernova in the 2nd quarter valued at approximately $27,000.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.