GE Vernova FY2027 EPS Estimate Lifted by Erste Group Bank

Key Points

• Erste Group Bank raised GE Vernova’s FY2027 EPS estimate to $24.73 from $24.64, well above the current full-year consensus estimate of $15.57.
• GE Vernova’s latest quarterly results were mixed: EPS of $2.47 missed expectations of $3.17, but revenue reached $11.10 billion, beating estimates and rising 21.9% year over year.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $1,133.15, despite Morgan Stanley’s downgrade to “underweight.”

GE Vernova Inc. (NYSE:GEV - Free Report) - Analysts at Erste Group Bank raised their FY2027 earnings estimates for shares of GE Vernova in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $24.73 per share for the year, up from their previous estimate of $24.64. The consensus estimate for GE Vernova's current full-year earnings is $15.57 per share.

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

GEV has been the subject of several other research reports. TD Cowen raised their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Oppenheimer lifted their price objective on GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Morgan Stanley downgraded GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Jefferies Financial Group reissued a "buy" rating on shares of GE Vernova in a research note on Monday, July 27th. Finally, Zacks Research cut GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $1,133.15.

GE Vernova Price Performance

NYSE:GEV opened at $1,010.59 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $269.15 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.53 and a beta of 1.21. GE Vernova has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company's 50-day moving average price is $1,028.19 and its two-hundred day moving average price is $951.59.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova's payout ratio is 5.72%.

Insider Activity at GE Vernova

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the company's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares of the company's stock, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On GE Vernova

Several hedge funds have recently added to or reduced their stakes in the company. Sterling Financial Planning Inc. acquired a new stake in GE Vernova in the second quarter worth about $311,000. Burnham & Co LLC bought a new stake in GE Vernova during the 2nd quarter worth about $117,000. Callan Family Office LLC lifted its position in GE Vernova by 3.0% during the 2nd quarter. Callan Family Office LLC now owns 8,589 shares of the company's stock valued at $10,091,000 after purchasing an additional 247 shares during the period. Manhattan West Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter valued at about $222,000. Finally, Laidlaw Wealth Management LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at about $345,000.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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