GE Vernova Rises as Investors Await Quarterly Results
The shares gained while major indexes fell, and analysts expect sharp year-over-year earnings and revenue growth in the coming report.
GE Vernova closed at $962.49, up 1.34% in its latest trading session. The S&P 500 fell 0.17%, while the Dow lost 0.26% and the Nasdaq fell 0.09%.
The shares have gained 5.7% over the past month, according to the article, outperforming the Oils-Energy sector, which rose 0.04%. The S&P 500 was down 0.24% over that period.
Ahead of the company’s upcoming earnings report, analysts expect earnings of $4.08 per share, up 148.78% from a year earlier. The latest consensus revenue estimate is $12.07 billion, a 21.11% increase.
For the full year, Zacks Consensus Estimates project earnings of $30.49 per share and revenue of $46.29 billion. Those figures would be increases of 72.36% and 21.61%, respectively, from the prior year.
The consensus estimate for earnings per share has slipped 0.63% over the past month. Zacks lists a forward price-to-earnings ratio of 31.15 for GE Vernova, compared with an industry average of 17.14.
This article was produced with the help of AI technology.
Source: Yahoo Finance
