What You Need To Know Ahead of GE Vernova's Earnings Release
Cambridge, Massachusetts-based GE Vernova Inc. (GEV) engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity. It operates through Power, Wind, and Electrification segments. With a market cap of $137.9 billion, GE Vernova’s operations span the Americas, Indo-Pacific, and EMEA.
The industrial giant is set to unveil its second-quarter results before the market opens on Wednesday, Jul. 23. Ahead of the event, analysts expect GEV to report earnings of $1.65 per share, up 132.4% from the profit of $0.71 per share reported in the year-ago quarter. The company has surpassed the Street’s bottom-line projections in three of the past four quarters, while missing on one other occasion.
For the full fiscal 2025, its earnings are expected to come in at $7.21 per share, up 200.4% from $2.40 per share reported in the year-ago quarter. While in fiscal 2026, its earnings are expected to rise 62.7% year-over-year to $11.73 per share.
GEV stock has surged by an impressive 199.4% over the past 52 weeks, outperforming the Industrial Select Sector SPDR Fund’s (XLI) 22.8% surge and the S&P 500 Index’s ($SPX) 13.4% uptick during the same time frame.
GEV stock grew 3.1% following the release of its better-than-expected Q1 earnings on Apr. 23. The company’s total revenues increased 10.6% year-over-year to approximately $8 billion, exceeding the Street's expectations. Moreover, its adjusted EBITDA margin expanded by 310 basis points from the prior year’s quarter to 5.7% and its adjusted EBITDA surged by a whopping 141.8% year-over-year to $457 million. The company’s net income amounted to $264 million, compared to a net loss of $106 million in the previous year’s quarter. Similarly, GEV’s EPS also came in at $0.91, compared to a loss per share of $0.47 in the year-ago quarter, and surpassed the consensus estimates by an impressive 102.2%.
The stock holds a consensus “Strong Buy” rating overall. Of the 26 analysts covering the stock, opinions include 19 “Strong Buys,” two “Moderate Buys,” and five “Holds.” As of writing, the stock is trading notably above its mean price target of $479.12.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.