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Why Vertiv Holdings Co. (VRT) Outpaced the Stock Market Today
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Vertiv Holdings Co. (VRT - Free Report) ended the recent trading session at $276.16, demonstrating a +1.95% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 0.77%.
Shares of the company witnessed a gain of 7.01% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5%, and the S&P 500's loss of 4.71%.
Analysts and investors alike will be keeping a close eye on the performance of Vertiv Holdings Co. in its upcoming earnings disclosure. The company is expected to report EPS of $1, up 56.25% from the prior-year quarter. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.15 per share and revenue of $13.68 billion, indicating changes of +46.43% and +33.76%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Vertiv Holdings Co. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Vertiv Holdings Co. holds a Zacks Rank of #2 (Buy).
Looking at its valuation, Vertiv Holdings Co. is holding a Forward P/E ratio of 44.05. This signifies a premium in comparison to the average Forward P/E of 12.85 for its industry.
Also, we should mention that VRT has a PEG ratio of 1.37. 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 was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Why Vertiv Holdings Co. (VRT) Outpaced the Stock Market Today
Vertiv Holdings Co. (VRT - Free Report) ended the recent trading session at $276.16, demonstrating a +1.95% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 0.77%.
Shares of the company witnessed a gain of 7.01% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5%, and the S&P 500's loss of 4.71%.
Analysts and investors alike will be keeping a close eye on the performance of Vertiv Holdings Co. in its upcoming earnings disclosure. The company is expected to report EPS of $1, up 56.25% from the prior-year quarter. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.15 per share and revenue of $13.68 billion, indicating changes of +46.43% and +33.76%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Vertiv Holdings Co. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Vertiv Holdings Co. holds a Zacks Rank of #2 (Buy).
Looking at its valuation, Vertiv Holdings Co. is holding a Forward P/E ratio of 44.05. This signifies a premium in comparison to the average Forward P/E of 12.85 for its industry.
Also, we should mention that VRT has a PEG ratio of 1.37. 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 was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.