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Why Vertiv Holdings Co. (VRT) Dipped More Than Broader Market Today
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In the latest close session, Vertiv Holdings Co. (VRT - Free Report) was down 3.72% at $243.85. The stock's change was less than the S&P 500's daily loss of 0.77%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.92%.
Coming into today, shares of the company had lost 1.48% in the past month. In that same time, the Computer and Technology sector gained 6.26%, while the S&P 500 gained 0.96%.
The upcoming earnings release of Vertiv Holdings Co. will be of great interest to investors. The company is predicted to post an EPS of $1.83, indicating a 47.58% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.77 billion, reflecting a 40.79% rise from the equivalent quarter last year.
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.
It is also important to note the recent changes to analyst estimates for Vertiv Holdings Co. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.88% higher within the past month. Right now, Vertiv Holdings Co. possesses a Zacks Rank of #2 (Buy).
Looking at valuation, Vertiv Holdings Co. is presently trading at a Forward P/E ratio of 37.87. Its industry sports an average Forward P/E of 12.83, so one might conclude that Vertiv Holdings Co. is trading at a premium comparatively.
We can also see that VRT currently has a PEG ratio of 1.04. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. VRT's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 100, positioning it in the top 41% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why Vertiv Holdings Co. (VRT) Dipped More Than Broader Market Today
In the latest close session, Vertiv Holdings Co. (VRT - Free Report) was down 3.72% at $243.85. The stock's change was less than the S&P 500's daily loss of 0.77%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.92%.
Coming into today, shares of the company had lost 1.48% in the past month. In that same time, the Computer and Technology sector gained 6.26%, while the S&P 500 gained 0.96%.
The upcoming earnings release of Vertiv Holdings Co. will be of great interest to investors. The company is predicted to post an EPS of $1.83, indicating a 47.58% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.77 billion, reflecting a 40.79% rise from the equivalent quarter last year.
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.
It is also important to note the recent changes to analyst estimates for Vertiv Holdings Co. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.88% higher within the past month. Right now, Vertiv Holdings Co. possesses a Zacks Rank of #2 (Buy).
Looking at valuation, Vertiv Holdings Co. is presently trading at a Forward P/E ratio of 37.87. Its industry sports an average Forward P/E of 12.83, so one might conclude that Vertiv Holdings Co. is trading at a premium comparatively.
We can also see that VRT currently has a PEG ratio of 1.04. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. VRT's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 100, positioning it in the top 41% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.