How does GEV's 2024 earnings trend look overall?

GEV's 2024 earnings trend shows a company that has experienced significant challenges but also demonstrates resilience and growth potential:

1. Challenges: The company's earnings per share (EPS) dropped significantly in the third quarter of 2024, with a 99.9% decline from the previous year's quarter. This decline was due to various factors, including supply chain issues, inflation, and project delays in the Wind segment.
2. Resilience and Growth Potential:
   • Despite the challenges, GEV's stock has outperformed the industry and sector, with a 131.2% year-to-date increase, surpassing the Zacks Alternative-Energy industry's growth and the broader Zacks Oils-Energy sector's returns.
   • The company's Power and Electrification segments have been strong performers, with a 34% year-over-year increase in Q3 orders for Power and a 17% increase in Electrification orders organically.
   • Looking ahead to 2025, earnings are expected to rebound significantly, with an estimated EPS of $7.07 for the year, up from $2.24 in 2024.
   • The company's strategic partnerships, such as the expanded collaboration with AWS, are expected to drive future growth and strengthen its market position.
3. Market Position and Outlook: GEV's market capitalization stands at $106.69 billion, with a diverse portfolio that spans gas power, renewable energy, and grid technologies. The company's strong backlog and ongoing projects provide high visibility for future revenues.
4. Dividend and Shareholder Returns: GEV recently initiated its first quarterly dividend of $0.25 per share and announced a $6 billion share repurchase program, reflecting the company's commitment to returning value to shareholders.

In conclusion, while GEV faced considerable challenges in 2024, its strategic positioning, partnerships, and growth initiatives suggest a positive outlook for the future. Investors should monitor the company's performance closely, particularly in the Wind segment, and consider the potential risks and opportunities when evaluating GEV's 2024 earnings trend.