GE Vernova Earnings: What To Look For From GEV

Energy transition company GE Vernova (NYSE:GEV) will be announcing earnings results this Wednesday before market open. Here’s what investors should know.

GE Vernova beat analysts’ revenue expectations last quarter, reporting revenues of $10.96 billion, up 3.8% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

Is GE Vernova a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting GE Vernova’s revenue to grow 15.3% year on year, improving from the 10.6% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GE Vernova has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at GE Vernova’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Acuity Brands delivered year-on-year revenue growth of 4.9%, missing analysts’ expectations by 2.5%, and Badger Meter reported a revenue decline of 9%, falling short of estimates by 12.5%. Acuity Brands traded down 6.5% following the results while Badger Meter was also down 25.6%.

Read our full analysis of Acuity Brands’s results here and Badger Meter’s results here.

There has been positive sentiment among investors in the electrical equipment segment, with share prices up 11.6% on average over the last month. GE Vernova is up 12.7% during the same time and is heading into earnings with an average analyst price target of $956.10 (compared to the current share price of $995.10).

ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.

AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.