FY2024 EPS Estimates for GE Vernova Cut by William Blair

GE Vernova Inc. (NYSE:GEV) – William Blair dropped their FY2024 earnings estimates for shares of GE Vernova in a report released on Monday, November 18th. William Blair analyst J. Dorsheimer now expects that the company will post earnings of $2.20 per share for the year, down from their previous estimate of $2.78. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for GE Vernova’s current full-year earnings is $2.53 per share. William Blair also issued estimates for GE Vernova’s Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.04 EPS and FY2025 earnings at $8.29 EPS.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. increased their target price on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 target price for the company. Guggenheim began coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Barclays boosted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $264.55.

GE Vernova Stock Performance

Shares of GEV stock opened at $339.92 on Wednesday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $349.79. The firm has a 50 day moving average price of $278.72 and a two-hundred day moving average price of $211.66.

Hedge Funds Weigh In On GE Vernova

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova during the second quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova during the second quarter worth about $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $27,000.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.