GE Vernova Stock Earnings Estimates Cut by Erste Group Bank

Key Points

• Erste Group Bank lowered its FY2027 EPS forecast for GE Vernova to $24.36 from $24.55, though the estimate remains above the current full-year consensus of $15.04.
• GE Vernova’s latest quarter showed strong revenue growth of 21.9% to $11.10 billion, but EPS of $2.47 missed analysts’ $3.17 consensus by $0.70.
• Shares were trading down 10.9%, despite an overall “Moderate Buy” analyst rating and an average price target of $1,164.87; the company also announced a $0.50 quarterly dividend.

GE Vernova Inc. (NYSE:GEV - Free Report) - Investment analysts at Erste Group Bank cut their FY2027 earnings estimates for shares of GE Vernova in a research report issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings per share of $24.36 for the year, down from their previous forecast of $24.55. The consensus estimate for GE Vernova's current full-year earnings is $15.04 per share.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same period in the prior year, the firm earned $1.86 EPS. The firm's revenue was up 21.9% on a year-over-year basis.

Several other equities analysts have also recently weighed in on the company. William Blair reissued an "outperform" rating on shares of GE Vernova in a research report on Monday, August 3rd. The Goldman Sachs Group upgraded GE Vernova from a "buy" rating to a "market outperform" rating in a research note on Monday, September 14th. Royal Bank Of Canada raised their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Mizuho lifted their price target on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Susquehanna cut their price target on GE Vernova from $1,300.00 to $1,270.00 and set a "positive" rating for the company in a report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $1,164.87.

GE Vernova Trading Down 10.9%

Shares of NYSE:GEV opened at $825.32 on Friday. The company has a market cap of $219.81 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.21 and a beta of 1.14. The stock's 50-day moving average is $952.05 and its 200-day moving average is $1,002.28. GE Vernova has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Manning & Napier Advisors LLC raised its holdings in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock valued at $26,000 after acquiring an additional 13 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $32,000. Strategic Wealth Advisors LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $35,000. Pingora Partners LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $36,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of GE Vernova during the second quarter valued at approximately $39,000.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is presently 5.72%.

Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: New power-equipment agreements support growth. GE Vernova entered multiyear frame agreements with Venture Global and Baker Hughes covering up to 16 large power-island units and transformer equipment. The systems will supply behind-the-meter electricity for Venture Global’s LNG facilities and planned AI data centers, potentially supporting as much as 10 gigawatts of computing capacity by 2034. Why Is GE Vernova Tied to 16 Off-Grid Power Units?
• Positive Sentiment: Analyst support remains favorable. Bank of America Securities and BMO Capital Markets reiterated or issued “Buy” views, signaling continued confidence in GE Vernova’s electrification, grid-equipment and power-generation outlook. BMO Capital Buy Rating
• Neutral Sentiment: Investors are focused on the upcoming third-quarter report. Preview coverage points to potential earnings growth and a possible beat, while the company’s prior quarter included strong revenue growth but earnings below consensus. The report could determine whether current AI-related demand is translating into higher profits. GEV Stock Earnings Preview
• Neutral Sentiment: Long-term electrification demand remains a support. GE Vernova continues to highlight grid modernization, energy storage and reliable generation as important to Spain’s net-zero plans and broader electricity demand. GE Vernova Highlights Spain’s Electricity Strategy
• Negative Sentiment: AI-spending and financing concerns are pressuring the group. A pullback across AI power stocks, including GE Vernova, Vertiv and Bloom Energy, followed questions about how massive data-center buildouts—particularly Meta’s spending plans—will be financed. Investors fear delayed projects or tighter capital could reduce orders for power-equipment suppliers. GE Vernova Slumps on AI Financing Worries
• Negative Sentiment: Valuation and execution risks amplify volatility. With GE Vernova trading well below its longer-term moving averages after a major prior rally, investors are taking profits and scrutinizing wind setbacks, tariffs, project delays and the company’s ability to convert demand into earnings.

GE Vernova Company Profile

GE Vernova Inc NYSE: GEV is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

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