Here's Why GE Vernova (GEV) Gained But Lagged the Market Today [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
The stock's performance was behind the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq added 0.98%. Shares of the the energy business spun off from General Electric have depreciated by 1.86% over the course of the past month, outperforming the Oils-Energy sector's loss of 9.2% and lagging the S&P 500's gain of 0.34%. The investment community will be paying close attention to the earnings performance of GE Vernova in its upcoming release. The company is slated to reveal its earnings on January 22, 2025. Investors should also take note of any recent adjustments to analyst estimates for GE Vernova. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an
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