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Vertiv Holdings Co. (VRT) Advances While Market Declines: Some Information for Investors
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Vertiv Holdings Co. (VRT - Free Report) closed at $172.72 in the latest trading session, marking a +1.58% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Coming into today, shares of the company had gained 5.13% in the past month. In that same time, the Computer and Technology sector gained 2.62%, while the S&P 500 gained 2.26%.
The investment community will be closely monitoring the performance of Vertiv Holdings Co. in its forthcoming earnings report. On that day, Vertiv Holdings Co. is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 30.3%. Alongside, our most recent consensus estimate is anticipating revenue of $2.86 billion, indicating a 22.09% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.12 per share and a revenue of $10.22 billion, demonstrating changes of +44.56% and 0%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Vertiv Holdings Co. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.35% rise in the Zacks Consensus EPS estimate. 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 32.53 right now. This expresses a premium compared to the average Forward P/E of 17.84 of its industry.
Meanwhile, VRT's PEG ratio is currently 1.08. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 175, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Vertiv Holdings Co. (VRT) Advances While Market Declines: Some Information for Investors
Vertiv Holdings Co. (VRT - Free Report) closed at $172.72 in the latest trading session, marking a +1.58% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Coming into today, shares of the company had gained 5.13% in the past month. In that same time, the Computer and Technology sector gained 2.62%, while the S&P 500 gained 2.26%.
The investment community will be closely monitoring the performance of Vertiv Holdings Co. in its forthcoming earnings report. On that day, Vertiv Holdings Co. is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 30.3%. Alongside, our most recent consensus estimate is anticipating revenue of $2.86 billion, indicating a 22.09% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.12 per share and a revenue of $10.22 billion, demonstrating changes of +44.56% and 0%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Vertiv Holdings Co. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.35% rise in the Zacks Consensus EPS estimate. 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 32.53 right now. This expresses a premium compared to the average Forward P/E of 17.84 of its industry.
Meanwhile, VRT's PEG ratio is currently 1.08. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 175, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.