GE Vernova Inc reports results for the quarter ended March 31 - Earnings Summary

• GE Vernova Inc GEV.N reported quarterly adjusted earnings of 85 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -41 cents. The mean expectation of twenty analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 1 cents to $1.08 per share.

• Revenue rose 10.6% to $8.03 billion from a year ago; analysts expected $7.54 billion.

• GE Vernova Inc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $254 million.

• GE Vernova Inc shares had risen by 6.8% this quarter and lost 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 40.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 6 "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 $405.00

This summary was machine generated from LSEG data April 23 at 01:31 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)