Zinger Key Points
- Analyst raises GEV estimates, maintaining Buy with $485 PT; sees strong '25 EBITDA growth despite tariff headwinds.
- Positive Q1 and FX tailwind to offset increased $300-400M tariff impact in '25; '26 EBITDA also revised upward.
- Get the Strategy to Trade Pre-Fed Setups and Post-Fed Swings—Live With Chris Capre on Wednesday, June 11.
B Of A Securities analyst Andrew Obin revised the estimates upward for GE Vernova Inc. GEV following the company’s first-quarter results reported on Wednesday.
The company reported revenue growth of 11% year-over-year to $8.03 billion and +15% organically, beating the consensus of $7.54 billion and EPS of 91 cents, beating the consensus of 53 cents.
GE Vernova reaffirms its 2025 financial outlook, projecting revenue of $36-$37 billion versus the consensus of $37.73 billion and a high-single-digit adjusted EBITDA margin.
Also Read: GE Vernova Posts Strong Q1: Guidance Reflects Limited Tariff Impact, Says Bullish Analyst
The company stated that this guidance accounts for tariffs and inflation, estimated at $300-$400 million, net of mitigating actions.
Obin maintained the 2025 adjusted EBITDA estimate at $3.5 billion (up 73% year-over-year), above the consensus estimate of $3.2 billion.
The analyst’s projection assumes a 6% year-over-year organic revenue growth and a 360 basis point year-over-year margin expansion.
The positive performance in the first quarter and a favorable tailwind from foreign exchange are expected to help offset the increased net tariff headwinds of $300-400 million, adds the analyst.
For 2026 too, Obin reiterated the adjusted EBITDA estimate at $5.4 billion (up 53% year-over-year), higher than the consensus estimate of $4.5 billion.
The analyst reiterated a Buy rating and a price forecast of $485.
Other Ratings:
- Goldman Sachs analyst reiterated a Buy rating and a price target of $500.
- Susquehanna analyst Charles Minervino maintained Vernova a Positive rating and raised the price forecast from $370 to $399.
- Baird analyst Ben Kallo kept an Outperform rating and upped the price target from $387 to $405.
Price Action: GEV shares closed higher by 7.26% at $360.49 on Thursday.
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