Erste Group Bank Reduces Earnings Estimates for GE Vernova

by · The Cerbat Gem

GE Vernova Inc. (NYSE:GEV – Free Report) – Investment analysts at Erste Group Bank dropped their FY2027 EPS estimates for shares of GE Vernova in a report released on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings per share of $24.36 for the year, down from their previous estimate of $24.55. The consensus estimate for GE Vernova’s current full-year earnings is $15.04 per share.

GEV has been the subject of a number of other research reports. The Goldman Sachs Group upgraded GE Vernova from a “buy” rating to a “market outperform” rating in a research report on Monday, September 14th. BNP Paribas Exane decreased their price target on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th. Evercore reissued an “outperform” rating and set a $1,350.00 price objective on shares of GE Vernova in a report on Thursday, October 1st. President Capital upped their target price on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of GE Vernova from $1,330.00 to $1,150.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,164.87.

Read Our Latest Report on GEV

GE Vernova Stock Down 10.9%

Shares of GEV opened at $825.32 on Friday. The firm has a market capitalization of $219.81 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.21 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The business’s fifty day moving average price is $952.05 and its two-hundred day moving average price is $1,002.28. GE Vernova has a 52 week low of $530.16 and a 52 week high of $1,195.94.

GE Vernova (NYSE:GEV – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter last year, the firm earned $1.86 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis.

Institutional Investors Weigh In On GE Vernova

Institutional investors have recently made changes to their positions in the stock. Gibbs Wealth Management grew its stake in shares of GE Vernova by 34.6% during the 3rd quarter. Gibbs Wealth Management now owns 1,116 shares of the company’s stock worth $1,061,000 after acquiring an additional 287 shares in the last quarter. Lantern Wealth Advisors LLC raised its holdings in shares of GE Vernova by 34.8% in the third quarter. Lantern Wealth Advisors LLC now owns 852 shares of the company’s stock valued at $810,000 after purchasing an additional 220 shares during the last quarter. Garrett Wealth Advisory Group LLC lifted its position in shares of GE Vernova by 2.9% in the third quarter. Garrett Wealth Advisory Group LLC now owns 1,429 shares of the company’s stock worth $1,358,000 after purchasing an additional 40 shares in the last quarter. Winthrop Advisory Group LLC lifted its position in shares of GE Vernova by 8.3% in the third quarter. Winthrop Advisory Group LLC now owns 627 shares of the company’s stock worth $596,000 after purchasing an additional 48 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in GE Vernova by 2.2% during the third quarter. Capital Investment Advisors LLC now owns 6,838 shares of the company’s stock worth $6,500,000 after purchasing an additional 145 shares during the last quarter.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 5.72%.

Key Stories Impacting GE Vernova

Here are the key news stories impacting GE Vernova this week:

  • Positive Sentiment: New power-equipment agreements support growth. GE Vernova entered multiyear frame agreements with Venture Global and Baker Hughes covering up to 16 large power-island units and transformer equipment. The systems will supply behind-the-meter electricity for Venture Global’s LNG facilities and planned AI data centers, potentially supporting as much as 10 gigawatts of computing capacity by 2034. Why Is GE Vernova Tied to 16 Off-Grid Power Units?
  • Positive Sentiment: Analyst support remains favorable. Bank of America Securities and BMO Capital Markets reiterated or issued “Buy” views, signaling continued confidence in GE Vernova’s electrification, grid-equipment and power-generation outlook. BMO Capital Buy Rating
  • Neutral Sentiment: Investors are focused on the upcoming third-quarter report. Preview coverage points to potential earnings growth and a possible beat, while the company’s prior quarter included strong revenue growth but earnings below consensus. The report could determine whether current AI-related demand is translating into higher profits. GEV Stock Earnings Preview
  • Neutral Sentiment: Long-term electrification demand remains a support. GE Vernova continues to highlight grid modernization, energy storage and reliable generation as important to Spain’s net-zero plans and broader electricity demand. GE Vernova Highlights Spain’s Electricity Strategy
  • Negative Sentiment: AI-spending and financing concerns are pressuring the group. A pullback across AI power stocks, including GE Vernova, Vertiv and Bloom Energy, followed questions about how massive data-center buildouts—particularly Meta’s spending plans—will be financed. Investors fear delayed projects or tighter capital could reduce orders for power-equipment suppliers. GE Vernova Slumps on AI Financing Worries
  • Negative Sentiment: Valuation and execution risks amplify volatility. With GE Vernova trading well below its longer-term moving averages after a major prior rally, investors are taking profits and scrutinizing wind setbacks, tariffs, project delays and the company’s ability to convert demand into earnings.

About GE Vernova

(Get Free Report)

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

See Also