Zacks.com users have recently been watching GE Vernova (GEV) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
For investors who prioritize efficiency and profitability, GEV could be the better choice, but for those seeking a more diversified play, SMNEY may be appropriate.
GE Vernova Inc. (NYSE:GEV ) Q1 2025 Results Conference Call April 23, 2025 7:30 AM ET Company Participants Michael Lapides - Vice President of Investor Relations Scott Strazik - Chief Executive Officer Ken Parks - Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Mark Strouse - JPMorgan Joe Ritchie - Goldman Sachs Chris Dendrinos - RBC Capital Markets Andrew Percoco - Morgan Stanley Nigel Coe - Wolfe Research Julian Mitchell - Barclays Julien Dumoulin-Smith - Jefferies Andrew Obin - Bank of America Andrew Kaplowitz - Citigroup Operator Good day, ladies and gentlemen, and welcome to GE Vernova's First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
GE Vernova (GEV) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to loss of $0.41 per share a year ago.
GE Vernova swung back to a profit in the first quarter as orders stacked up and its revenue climbed, sending shares higher in the premarket session.
GEV stock might disappoint with its first-quarter results, considering its dismal year-to-date performance and negative Earnings ESP.
GE Vernova (GEV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GE Vernova has shifted from a messy spin-off story to a more focused and disciplined energy business. Electrification is becoming the company's most reliable and profitable segment, with strong demand and margin potential. Wind remains a risk, but restructuring efforts and U.S. incentives are improving the outlook.
Investors interested in GEV stock should wait for a better entry point, considering its premium valuation.
GE Vernova will aid in turning Homer City Generating Station — previously a coal-power plant in Pennsylvania — into a natural gas-powered data center campus by providing seven turbines to produce nearly 4.5 gigawatts (GW) of power.
In the closing of the recent trading day, GE Vernova (GEV) stood at $336.83, denoting a +0.31% change from the preceding trading day.
The latest trading day saw GE Vernova (GEV) settling at $300.24, representing a +0.52% change from its previous close.