GE Vernova's Q4 Earnings: Bullish Outlook

GE Vernova, a Massachusetts-based energy giant, is set to release its fiscal fourth-quarter earnings. The company, known for its large-scale energy solutions, is expected to report a significant increase in profits, with analysts predicting a profit of $2.99 per share, a 72.8% jump from last year. For the full year, earnings per share are forecasted to surge by 203.8% to $7.29. The stock has outperformed the S&P 500 and industrial sector fund, rising by 93.4% over the past year. Despite a slight dip in shares after third-quarter results, analysts maintain a positive outlook, with a moderate buy rating and an average price target of $767.67, indicating a potential 15.7% increase. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.