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Vertiv Holdings Co. (VRT) Stock Slides as Market Rises: Facts to Know Before You Trade
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Vertiv Holdings Co. (VRT - Free Report) ended the recent trading session at $53.45, demonstrating a -0.41% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.32%.
Shares of the company witnessed a gain of 10.02% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.64% and the S&P 500's gain of 1.61%.
The investment community will be closely monitoring the performance of Vertiv Holdings Co. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.53, signifying an 89.29% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.89 billion, indicating a 14.14% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Vertiv Holdings Co. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.6% higher. At present, Vertiv Holdings Co. boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Vertiv Holdings Co. has a Forward P/E ratio of 24.16 right now. This denotes a discount relative to the industry's average Forward P/E of 27.25.
It's also important to note that VRT currently trades at a PEG ratio of 0.45. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 2.57 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% 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.
To follow VRT in the coming trading sessions, be sure to utilize Zacks.com.
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Vertiv Holdings Co. (VRT) Stock Slides as Market Rises: Facts to Know Before You Trade
Vertiv Holdings Co. (VRT - Free Report) ended the recent trading session at $53.45, demonstrating a -0.41% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.32%.
Shares of the company witnessed a gain of 10.02% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.64% and the S&P 500's gain of 1.61%.
The investment community will be closely monitoring the performance of Vertiv Holdings Co. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.53, signifying an 89.29% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.89 billion, indicating a 14.14% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Vertiv Holdings Co. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.6% higher. At present, Vertiv Holdings Co. boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Vertiv Holdings Co. has a Forward P/E ratio of 24.16 right now. This denotes a discount relative to the industry's average Forward P/E of 27.25.
It's also important to note that VRT currently trades at a PEG ratio of 0.45. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 2.57 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% 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.
To follow VRT in the coming trading sessions, be sure to utilize Zacks.com.