Investing.com -- GE Vernova (NYSE:GEV) saw its shares slide more than 4% in premarket trading Wednesday after the company's fourth-quarter results missed average analyst expectations.
The energy company posted Q$4 earnings per share (EPS) of $1.73, notably worse than the consensus estimate of $2.37. Revenue for the quarter came in at $10.56 billion, also below the consensus expectation of $10.7 billion.
GE Vernova generated power revenue of $5.43 billion, narrowly missing the forecast of $5.47 billion. Wind revenue was $3.11 billion, slightly exceeding the estimate of $3.09 billion, while Electrification revenue totaled $2.18 billion, surpassing the projected $2.14 billion.
Adjusted free cash flow for the quarter stood at $572 million, which was short of the $594.7 million expected by analysts.
"GE Vernova built a strong foundation in 2024 with solid orders and revenue growth, as well as significant margin expansion and cash generation. We saw strength in Power and Electrification and improvement in Wind, while growing our equipment backlog at better margins," said GE Vernova CEO Scott Strazik.
"Our progress reinforces the important role we play in electrifying and decarbonizing the world as we deliver on accelerating demand for our equipment and services. As we enter 2025, I'm grateful for our team's dedication and optimistic about the future as we continue creating value for our stakeholders."
For full year 2025, GE Vernova anticipates revenue between $36 billion and $37 billion, close to the consensus estimate of $36.81 billion.
The company continues to project adjusted free cash flow of $2 billion to $2.5 billion, compared with the analyst estimates of $2.04 billion
It also maintained its outlook for a high-single-digit adjusted EBITDA margin for 2025.