What caused GEV's earnings to drop in Q4 2024?

GE Vernova's (GEV) earnings dropped in Q4 2024 due to several factors:

1. Revenue Miss: The company's revenue for the quarter was $10.56 billion, which missed the consensus expectation of $10.7 billion. This shortfall in revenue contributed to the earnings decline.
2. Earnings Per Share (EPS) Miss: GE Vernova reported EPS of $1.73 for the quarter, which was significantly worse than the consensus estimate of $2.37. This indicates that the company's earnings were lower than anticipated.
3. Organic Revenue Growth: While the company reported a 5% year-over-year revenue growth to $10.559 billion, this was below the consensus of $10.78 billion. The organic revenue growth of 9% was driven by strong performance in Power and Electrification, but Wind revenue slightly missed expectations.
4. Order Dynamics: Although total orders surged by 22% year-over-year to $13.37 billion, driven by a 118.2% increase in Electrification and a 20.2% rise in Power, this was offset by a 41.2% drop in Wind orders. The decline in Wind orders, attributed to tough comparisons with a large U.S. onshore wind order in Q4 2023, contributed to the revenue and earnings shortfall.

In summary, GE Vernova's Q4 2024 earnings drop was primarily caused by a revenue miss, lower-than-expected EPS, and a decline in Wind orders, despite strong performance in other segments.