Here's Why GE Vernova (GEV) Gained But Lagged the Market Today

The most recent trading session ended with GE Vernova (GEV) standing at $344.92, reflecting a +0.66% shift from the previouse trading day's closing. 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 exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.14% decrease. GE Vernova is currently sporting a Zacks Rank of #3 (Hold).Digging into valuation, GE Vernova currently has a Forward P/E ratio of 151.55. For comparison, its industry has an average Forward P/E of 24.2, which means GE Vernova is trading at a premium to the group.Meanwhile, GEV's PEG ratio is currently 8.42. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. GEV's industry had an average PEG ratio of 1.88 as of yesterday's close.The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 125, putting it in the top 50% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Vernova Inc. (GEV): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks