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

Reuters04-25

* GE Vernova Inc reported a quarterly adjusted loss of 41 cents per share for the quarter ended in March. The mean expectation of seven analysts for the quarter was for a loss of 36 cents per share. Wall Street expected results to range from -60 cents to 21 cents per share.

* Revenue was $7.26 billion; analysts expected $7.32 billion.

* GE Vernova Inc's reported EPS for the quarter was a loss of 47 cents.

* The company reported a quarterly loss of $130 million.

* GE Vernova Inc shares had risen by 6.9% this quarter.

FORECAST CHANGES

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "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 $160.00 This summary was machine generated from LSEG data April 25 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

Mar. 31 2024 -0.36 -0.41 Missed

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