What's Next: Vertiv Hldgs's Earnings Preview

Vertiv Hldgs (NYSE:VRT) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Vertiv Hldgs to report an earnings per share (EPS) of $0.69.

Anticipation surrounds Vertiv Hldgs's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.10, leading to a 2.68% drop in the share price the following trading session.

Here's a look at Vertiv Hldgs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.57

0.36

0.53

0.44

EPS Actual

0.67

0.43

0.56

0.52

Price Change %

-3.0%

7.000000000000001%

7.000000000000001%

-7.000000000000001%

Market Performance of Vertiv Hldgs's Stock

Shares of Vertiv Hldgs were trading at $112.11 as of October 21. Over the last 52-week period, shares are up 204.6%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Vertiv Hldgs

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Vertiv Hldgs.

Vertiv Hldgs has received a total of 9 ratings from analysts, with the consensus rating as Outperform. With an average one-year price target of $111.0, the consensus suggests a potential ...