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Vertiv Holdings Co. (VRT) Declines More Than Market: Some Information for Investors
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Vertiv Holdings Co. (VRT - Free Report) closed at $245.85 in the latest trading session, marking a -2.88% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
Shares of the company have depreciated by 12.96% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.54%, and the S&P 500's gain of 1.4%.
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 $1.83, showcasing a 47.58% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $3.77 billion, up 40.92% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.69 per share and revenue of $14.01 billion, which would represent changes of +59.29% and +36.91%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vertiv Holdings Co. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.08% higher. Vertiv Holdings Co. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Vertiv Holdings Co. currently has a Forward P/E ratio of 37.82. This represents a premium compared to its industry average Forward P/E of 13.18.
It is also worth noting that VRT currently has a PEG ratio of 0.95. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services industry currently had an average PEG ratio of 1.31 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Vertiv Holdings Co. (VRT) Declines More Than Market: Some Information for Investors
Vertiv Holdings Co. (VRT - Free Report) closed at $245.85 in the latest trading session, marking a -2.88% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
Shares of the company have depreciated by 12.96% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.54%, and the S&P 500's gain of 1.4%.
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 $1.83, showcasing a 47.58% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $3.77 billion, up 40.92% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.69 per share and revenue of $14.01 billion, which would represent changes of +59.29% and +36.91%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vertiv Holdings Co. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.08% higher. Vertiv Holdings Co. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Vertiv Holdings Co. currently has a Forward P/E ratio of 37.82. This represents a premium compared to its industry average Forward P/E of 13.18.
It is also worth noting that VRT currently has a PEG ratio of 0.95. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services industry currently had an average PEG ratio of 1.31 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.