Vertiv Holdings Co. (VRT) Surpasses Market Returns: Some Facts Worth Knowing

Vertiv Holdings Co. (VRT) closed the most recent trading day at $162.80, moving +1.62% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.37%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 0.71%. The stock of company has risen by 29.19% in the past month, leading the Computer and Technology sector's gain of 8.04% and the S&P 500's gain of 4.26%.The investment community will be paying close attention to the earnings performance of Vertiv Holdings Co. in its upcoming release. The company's upcoming EPS is projected at $0.99, signifying a 30.26% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.58 billion, up 24.32% from the prior-year quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.83 per share and revenue of $9.98 billion. These totals would mark changes of +34.39% and +24.55%, respectively, from last year. Investors should also take note of any recent adjustments to analyst estimates for Vertiv Holdings Co. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Vertiv Holdings Co. is currently sporting a Zacks Rank of #2 (Buy). In the context of valuation, Vertiv Holdings Co. is at present trading with a Forward P/E ratio of 41.85. This represents a premium compared to its industry average Forward P/E of 17.43. We can additionally observe that VRT currently boasts a PEG ratio of 1.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services industry currently had an average PEG ratio of 2.01 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 70, putting it in the top 29% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vertiv Holdings Co. (VRT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks