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It's been a pretty great week for GE Vernova Inc. (NYSE:GEV) shareholders, with its shares surging 12% to US$438 in the week since its latest annual results. It was not a great result overall. While revenues of US$35b were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 15% to hit US$5.58 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
View our latest analysis for GE Vernova
Taking into account the latest results, the current consensus from GE Vernova's 25 analysts is for revenues of US$36.7b in 2025. This would reflect a modest 5.2% increase on its revenue over the past 12 months. Per-share earnings are expected to bounce 22% to US$6.86. Before this earnings report, the analysts had been forecasting revenues of US$36.9b and earnings per share (EPS) of US$7.16 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.
Althoughthe analysts have revised their earnings forecasts for next year, they've also lifted the consensus price target 11% to US$409, suggesting the revised estimates are not indicative of a weaker long-term future for the business. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic GE Vernova analyst has a price target of US$500 per share, while the most pessimistic values it at US$245. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that GE Vernova's rate of growth is expected to accelerate meaningfully, with the forecast 5.2% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 3.1% p.a. over the past three years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 8.6% annually. So it's clear that despite the acceleration in growth, GE Vernova is expected to grow meaningfully slower than the industry average.