We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Vertiv Holdings Co. (VRT) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
Vertiv Holdings Co. (VRT - Free Report) closed the most recent trading day at $251.28, moving +2.8% from the previous trading session. This change outpaced the S&P 500's 0.78% gain on the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 1.29%.
Prior to today's trading, shares of the company had gained 28.55% outpaced the Computer and Technology sector's loss of 3.59% and the S&P 500's loss of 1.33%.
The investment community will be closely monitoring the performance of Vertiv Holdings Co. in its forthcoming earnings report. The company is forecasted to report an EPS of $1, showcasing a 56.25% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.65 billion, indicating a 30.08% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.15 per share and a revenue of $13.68 billion, signifying shifts of +46.43% and +33.76%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Vertiv Holdings Co. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 18.02% higher. Vertiv Holdings Co. currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Vertiv Holdings Co. is presently trading at a Forward P/E ratio of 39.75. This represents a premium compared to its industry average Forward P/E of 12.69.
Investors should also note that VRT has a PEG ratio of 1.23 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.22 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 72, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Vertiv Holdings Co. (VRT) Outperforms Broader Market: What You Need to Know
Vertiv Holdings Co. (VRT - Free Report) closed the most recent trading day at $251.28, moving +2.8% from the previous trading session. This change outpaced the S&P 500's 0.78% gain on the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 1.29%.
Prior to today's trading, shares of the company had gained 28.55% outpaced the Computer and Technology sector's loss of 3.59% and the S&P 500's loss of 1.33%.
The investment community will be closely monitoring the performance of Vertiv Holdings Co. in its forthcoming earnings report. The company is forecasted to report an EPS of $1, showcasing a 56.25% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.65 billion, indicating a 30.08% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.15 per share and a revenue of $13.68 billion, signifying shifts of +46.43% and +33.76%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Vertiv Holdings Co. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 18.02% higher. Vertiv Holdings Co. currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Vertiv Holdings Co. is presently trading at a Forward P/E ratio of 39.75. This represents a premium compared to its industry average Forward P/E of 12.69.
Investors should also note that VRT has a PEG ratio of 1.23 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.22 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 72, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.