Curious about GE Vernova (GEV) Q2 Performance? Explore Wall Street Estimates for Key Metrics

In its upcoming report, GE Vernova (GEV) is predicted by Wall Street analysts to post quarterly earnings of $1.60 per share, reflecting an increase of 125.4% compared to the same period last year. Revenues are forecasted to be $8.82 billion, representing a year-over-year increase of 7.5%.The consensus EPS estimate for the quarter has been revised 5.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.In light of this perspective, let's dive into the average estimates of certain GE Vernova metrics that are commonly tracked and forecasted by Wall Street analysts.Based on the collective assessment of analysts, 'Revenues- Power' should arrive at $4.65 billion. The estimate indicates a change of +4.4% from the prior-year quarter.Analysts' assessment points toward 'Revenues- Wind' reaching $2.18 billion. The estimate points to a change of +5.8% from the year-ago quarter.According to the collective judgment of analysts, 'Revenues- Electrification' should come in at $2.11 billion. The estimate indicates a change of +18.1% from the prior-year quarter.The average prediction of analysts places 'Revenues- Sales of equipment' at $4.59 billion. The estimate indicates a change of +9.5% from the prior-year quarter.Analysts predict that the 'Revenues- Sales of services' will reach $4.27 billion. The estimate points to a change of +6.4% from the year-ago quarter. View all Key Company Metrics for GE Vernova here>>> Shares of GE Vernova have demonstrated returns of +13.2% over the past month compared to the Zacks S&P 500 composite's +5.9% change. With a Zacks Rank #3 (Hold), GEV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Vernova Inc. (GEV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks