Can GE Vernova Inc.'s (NYSE:GEV) ROE Continue To Surpass The Industry Average? [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE to gain a better understanding of GE Vernova Inc. ( NYSE:GEV Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital. View our latest analysis for GE Vernova The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for GE Vernova is: 12% = US$1.3b ÷ US$11b (Based on the trailing twelve months to September 2024). The 'return' is the income the business earned over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.12. By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this metho
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GEV
News
- Jim Cramer Says You Should Buy The Dip on GE Vernova (GEV) [Yahoo! Finance]Yahoo! Finance
- GE Vernova jumps as Wells Fargo launches at Overweight on strong power demand [Seeking Alpha]Seeking Alpha
- Fairygodboss Announces the 2024 Best Companies for Women, Celebrating Inclusive and Supportive Workplaces for Gender Diversity [Yahoo! Finance]Yahoo! Finance
- GE Vernova Inc. (NYSE: GEV) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $385.00 price target on the stock.MarketBeat
- Wells Fargo says GE Vernova is a buy as AI energy demand grows [CNBC]CNBC
GEV
Earnings
- 10/24/24 - Miss
GEV
Sec Filings
- 9/5/24 - Form 4
- 8/26/24 - Form 4
- 8/26/24 - Form 4
- GEV's page on the SEC website