GE Vernova Inc reports results for the quarter ended June 30 - Earnings Summary
GE Vernova Inc reports results for the quarter ended June 30 - Earnings Summary
GE Vernova Inc GEV.N reported quarterly adjusted earnings of $2.47 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.77. The mean expectation of twenty eight analysts for the quarter was for earnings of $3.01 per share. Wall Street expected results to range from $2.06 to $3.73 per share.
Revenue rose 21.9% to $11.10 billion from a year ago; analysts expected $10.73 billion.
GE Vernova Inc's reported EPS for the quarter was $2.47.
The company reported quarterly net income of $668 million.
GE Vernova Inc shares had fallen by 8.2% this quarter and gained 65.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 10.3% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 31 "strong buy" or "buy," 7 "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 $1,235.00, about 12.6% above its last closing price of $1,078.81
This summary was machine generated from LSEG data July 22 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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 3.01 | 2.47 | Missed |
Mar. 31 2026 | 1.82 | 2.08 | Beat |
Dec. 31 2025 | 2.97 | 2.78 | Missed |
Sep. 30 2025 | 1.65 | 1.67 | Beat |
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