Things you need to know before the revenue release of Ge Vernova

Massachusetts-based Ge Vernova Inc. (GEV) Cambridge is engaged in providing a variety of products and services that generate, transfer, organize, convert and store electricity. Works through power, wind and electrification segments. Its market capitalization is $137.9 billion, and Ge Vernova’s operations span the US, Indo-Pacific and EMEA.

The industry giant is expected to reveal its second quarter results before the market begins on Wednesday, July 23rd. Ahead of the event, analysts expect GEV to report earnings of $1.65 per share. The company has surpassed its street final forecast in three of the last four quarters, but on another occasion it is missing.

Full earnings for fiscal year 2025 were $7.21 per share, expected to increase by 200.4% from $2.40 per share in the same period last year. In fiscal 2026, its revenue is expected to increase by 62.7% year-on-year to $11.73 per share.

GEV shares have surged at an impressive 199.4% over the last 52 weeks, surpassing the Industrial Select Sector SPDR Fund (XLI) 22.8% surge and the S&P 500 Index ($SPX) 13.4% rise in the same time frame.

GEV stocks rose 3.1% following the announcement of first-quarter earnings above forecast on April 23. The company’s total revenues rose 10.6% year-on-year to around $8 billion, exceeding street expectations. Additionally, the adjusted EBITDA margin grew to 5.7%, up 310 basis points from the previous year’s quarter, while the adjusted EBITDA rose 141.8% year-on-year to $457 million. Our net income was $264 million compared to a net loss of $106 million in the previous year’s quarter. Similarly, GEV’s EPS also occurred at $0.91 compared to a loss of $0.47 in the same period last year, surpassing the consensus estimate by an impressive 102.2%.

The stocks hold a “strong buy” rating overall. Of the 26 analysts covering inventory, opinions include 19 “strong shopping”, 2 “medium purchases” and 5 “holds”. At the time of writing, the stock is trading above its average price target of $479.12, among other things.

On the date of publication, Aditya Sarawgi had no position (directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published barchart.com