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GE Vernova Inc. (GEV)
NYSE:GEV
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Earnings Data
Report Date
Jan 22, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.33Last Year’s EPS
$1.7Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 25.73%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth and financial performance in the Power and Electrification segments, with significant revenue and margin expansion. However, ongoing challenges in the Offshore Wind segment, including substantial financial losses and project delays, weighed on the overall sentiment. Despite these challenges, the overall outlook remains positive with effective cash management and strategic growth initiatives.Company Guidance
During GE Vernova's Q3 2024 earnings call, the company provided robust guidance, highlighting significant metrics across its segments. In the Power segment, orders surged by 34%, driven by high demand for gas turbines, with approximately 14 gigawatts of new orders booked year-to-date, nearly doubling from last year. Electrification witnessed a 24% revenue increase, supported by strong demand for grid products, and achieved double-digit EBITDA margins with a 700 basis point expansion. Despite challenges in offshore wind, onshore wind margins improved, delivering the most profitable quarter in years. The company generated substantial free cash flow, increasing its cash balance from $5.8 billion in Q2 to $7.4 billion in Q3. GE Vernova reaffirmed its full-year guidance, anticipating revenues at the higher end of $34 to $35 billion, adjusted EBITDA margins of 5% to 7%, and free cash flow trending towards the higher end of $1.3 to $1.7 billion.Record Power Segment Growth
The Power segment delivered strong double-digit orders and revenue growth with over 200 basis points of margin expansion. Power orders increased 34% this quarter, driven by substantial equipment demand both for HA and derivative units as well as services.
Electrification Segment Performance
Electrification is the fastest-growing segment, delivering a 24% revenue increase in the quarter. This quarter, electrification achieved double-digit EBITDA margin for the first time with expansion of nearly 700 basis points.
Strong Free Cash Flow Generation
The company generated substantial free cash flow with a year-over-year improvement of over $2 billion, increasing the cash balance from $5.8 billion in Q2 to $7.4 billion in Q3.
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GEV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GEV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $276.21 | $279.67 | +1.25% |
| Jul 24, 2024 | $170.36 | $162.78 | -4.45% |
| Apr 25, 2024 | $146.07 | $148.20 | +1.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GE Vernova Inc. (GEV) report earnings?
GE Vernova Inc. (GEV) is schdueled to report earning on Jan 22, 2025, Before Open Not Confirmed.
What is GE Vernova Inc. (GEV) earnings time?
GE Vernova Inc. (GEV) earnings time is at Jan 22, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GEV EPS forecast?
GEV EPS forecast for the fiscal quarter 2024 (Q4) is $2.33.
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