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Why Vertiv Holdings Co. (VRT) Dipped More Than Broader Market Today
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Vertiv Holdings Co. (VRT - Free Report) closed the most recent trading day at $262.89, moving -9.61% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 0.64%.
Coming into today, shares of the company had gained 3.2% in the past month. In that same time, the Computer and Technology sector gained 0.4%, while the S&P 500 lost 0.97%.
The investment community will be paying close attention to the earnings performance of Vertiv Holdings Co. in its upcoming release. The company's earnings per share (EPS) are projected to be $1.83, reflecting a 47.58% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.75 billion, showing a 40.27% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.69 per share and revenue of $14.01 billion. These totals would mark changes of +59.29% and +36.91%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Vertiv Holdings Co. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.31% higher within the past month. Vertiv Holdings Co. currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Vertiv Holdings Co. is currently exchanging hands at a Forward P/E ratio of 43.49. This expresses a premium compared to the average Forward P/E of 13.49 of its industry.
Investors should also note that VRT has a PEG ratio of 1.2 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.35.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Why Vertiv Holdings Co. (VRT) Dipped More Than Broader Market Today
Vertiv Holdings Co. (VRT - Free Report) closed the most recent trading day at $262.89, moving -9.61% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 0.64%.
Coming into today, shares of the company had gained 3.2% in the past month. In that same time, the Computer and Technology sector gained 0.4%, while the S&P 500 lost 0.97%.
The investment community will be paying close attention to the earnings performance of Vertiv Holdings Co. in its upcoming release. The company's earnings per share (EPS) are projected to be $1.83, reflecting a 47.58% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.75 billion, showing a 40.27% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.69 per share and revenue of $14.01 billion. These totals would mark changes of +59.29% and +36.91%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Vertiv Holdings Co. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.31% higher within the past month. Vertiv Holdings Co. currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Vertiv Holdings Co. is currently exchanging hands at a Forward P/E ratio of 43.49. This expresses a premium compared to the average Forward P/E of 13.49 of its industry.
Investors should also note that VRT has a PEG ratio of 1.2 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.35.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 follow all of these stock-moving metrics, and many more, on Zacks.com.