From Barron's, October 22:
GE Vernova Stock Is Rising. These 2 Things Are Helping.
GE Vernova reported better-than-expected third-quarter earnings on Wednesday, with sales and new orders looking strong.
The maker of power equipment reported quarterly earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $811 million from sales of $10 billion. Wall Street was looking for Ebitda of $787 million from sales of $9.1 billion, according to FactSet.
A year ago, in the third quarter of 2024, GE Vernova reported Ebitda of $243 million from sales of $8.9 billion.
GE Vernova maintained full-year 2025 guidance for Ebitda of roughly $3.2 billion from sales of between $36 billion and $37 billion. Wall Street currently projects 2025 Ebitda of $3.4 billion. Guidance implies fourth-quarter Ebitda of about $1.2 billion. Wall Street estimates are closer to $1.3 billion.
The roughly $100 million gap might concern investors, but orders were strong, coming in at $14.6 billion, up 55% year over year, and much better than the $12.4 billion forecasted by BofA Securities analyst Andrew Obin....
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In pre-market trade the stock is up $14.78 (+2.53%) at $600.00 with the earnings call in progress.
