Ge Vernova Inc reports results for the quarter ended December 31 - Earnings Summary

• Ge Vernova Inc GEV.N reported quarterly adjusted earnings of $1.33​​ per share for the quarter ended December 31. The mean expectation of nineteen analysts for the quarter was for earnings of $2.29 per share. Wall Street expected results to range from $1.35 to $2.65 per share.

• Revenue was $10.56 billion​; analysts expected $10.79 billion.

• Ge Vernova Inc's reported EPS for the quarter was $1.73​.

• The company reported quarterly net income of $484 million.

• Ge Vernova Inc shares had risen by 26.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electric utilities peer group is also "buy"

Wall Street's median 12-month price target for Ge Vernova Inc is $398.00

This summary was machine generated from LSEG data January 22 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)