Vertiv Holdings Co. (VRT) Registers a Bigger Fall Than the Market: Important Facts to Note

In the latest trading session, Vertiv Holdings Co. (VRT) closed at $318.32, marking a -11.07% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.44%. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 2.22%. Coming into today, shares of the company had gained 9.31% in the past month. In that same time, the Computer and Technology sector gained 0.98%, while the S&P 500 gained 0.08%. Analysts and investors alike will be keeping a close eye on the performance of Vertiv Holdings Co. in its upcoming earnings disclosure. On that day, Vertiv Holdings Co. is projected to report earnings of $1.42 per share, which would represent year-over-year growth of 49.47%. Alongside, our most recent consensus estimate is anticipating revenue of $3.37 billion, indicating a 27.69% upward movement from the same quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.36 per share and a revenue of $13.73 billion, indicating changes of +51.43% and +34.2%, respectively, from the former year. Investors should also note any recent changes to analyst estimates for Vertiv Holdings Co. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.89% lower. Vertiv Holdings Co. currently has a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that Vertiv Holdings Co. has a Forward P/E ratio of 56.27 right now. For comparison, its industry has an average Forward P/E of 12.82, which means Vertiv Holdings Co. is trading at a premium to the group. Investors should also note that VRT has a PEG ratio of 1.55 right now. 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 1.11 based on yesterday's closing prices. The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 31% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks