Vertiv Holdings Co. (VRT) ended the recent trading session at $171.54, demonstrating a -1.95% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.34%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq increased by 0.16%.
Prior to today's trading, shares of the company had lost 1.92% lagged the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.19%.
The investment community will be closely monitoring the performance of Vertiv Holdings Co. in its forthcoming earnings report. The company is expected to report EPS of $1.28, up 29.29% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.86 billion, indicating a 22.09% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.11 per share and a revenue of $10.22 billion, demonstrating changes of +44.21% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vertiv Holdings Co. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.3% upward. Vertiv Holdings Co. is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Vertiv Holdings Co. is currently being traded at a Forward P/E ratio of 33.58. This denotes a premium relative to the industry average Forward P/E of 17.42.
It is also worth noting that VRT currently has a PEG ratio of 1.11. 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. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.52 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 109, this industry ranks in the top 45% 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.
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Vertiv Holdings Co. (VRT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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