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Here's Why Vertiv Holdings Co. (VRT) Fell More Than Broader Market
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In the latest close session, Vertiv Holdings Co. (VRT - Free Report) was down 1.32% at $234.26. The stock's change was less than the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Heading into today, shares of the company had lost 18.82% over the past month, lagging the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Vertiv Holdings Co. in its upcoming release. The company is forecasted to report an EPS of $1.83, showcasing a 47.58% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $3.77 billion, indicating a 40.79% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $6.69 per share and a revenue of $14.01 billion, demonstrating changes of +59.29% and +36.91%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Vertiv Holdings Co. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.31% higher. At present, Vertiv Holdings Co. boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Vertiv Holdings Co. currently has a Forward P/E ratio of 35.5. This denotes a premium relative to the industry average Forward P/E of 13.88.
We can also see that VRT currently has a PEG ratio of 0.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 1.43 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Here's Why Vertiv Holdings Co. (VRT) Fell More Than Broader Market
In the latest close session, Vertiv Holdings Co. (VRT - Free Report) was down 1.32% at $234.26. The stock's change was less than the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Heading into today, shares of the company had lost 18.82% over the past month, lagging the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Vertiv Holdings Co. in its upcoming release. The company is forecasted to report an EPS of $1.83, showcasing a 47.58% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $3.77 billion, indicating a 40.79% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $6.69 per share and a revenue of $14.01 billion, demonstrating changes of +59.29% and +36.91%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Vertiv Holdings Co. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.31% higher. At present, Vertiv Holdings Co. boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Vertiv Holdings Co. currently has a Forward P/E ratio of 35.5. This denotes a premium relative to the industry average Forward P/E of 13.88.
We can also see that VRT currently has a PEG ratio of 0.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 1.43 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.