Vertiv Reports 57% Organic Orders Growth, 13% Net Sales Growth and 63% Operating Profit Growth in Second Quarter; Raises Full Year 2024 Outlook COLUMBUS, Ohio July 24, 2024 – Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its second quarter ended June 30, 2024. Vertiv reported second quarter 2024 net sales of $1,953 million, an increase of $219 million, or 13%, compared to last year's second quarter. Organic ...

Data by YCharts Data canter operators are evaluating liquid cooling Andreind and China Comments of Chilisanthow Andrew Porton Porton Provinsian Provinsia Andrew Ben Charcon Provinsion C In this context, liquid cooling forms part of DCPI or Data Center Physical Infrastructure where in addition to Vertiv, there are also large players like Eaton Corporation (ETN) and Europe's Schneider Electric S.E (OTCPK:SBGSY), two companies large enough to develop solutions organically through large research budgets or acqu ...

The Thesis Vertiv Holdings is a global provider of critical digital infrastructure and continuity solutions that together with its subsidiaries, is involved in designing, manufacturing, and servicing a wide range of infrastructure and related technologies for data centers, communication networks, and commercial and industrial environments. The company provides its services across the Americas, Asia Pacific, Europe, the Middle East, and Africa. The company's portfolio includes products for power management, ...

In the first quarter of 2024, orders jumped 60% year over year, while backlog surged roughly 33% to $6.3 billion. The trend is expected to have continued in the going-to-be-reported quarter. Zacks Investment Research Image Source: However, Vertiv stock is not so cheap as the Value Style Score of C suggests a stretched valuation at this moment. Vertiv is expanding capacity across liquid cooling, thermal, UPS, switchgear, busbar and modular solutions to accommodate AI-driven demand growth. It currently has 22 ...

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Heading into today, shares of the company had lost 14.22% over the past month, lagging the Computer and Technology sector's loss of 3.17% and the S&P 500's gain of 2.14% in that time. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.44 per share and revenue of $7.73 billion, indicating changes of +37.85% and +12.57%, respectively, compared to the previous year. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Vertiv Holdings Co. (VRT) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than ...

The the stock of company has risen by 4.36% in the past month, lagging the Computer and Technology sector's gain of 9.48% and the S&P 500's gain of 5.11%. Investors might also notice recent changes to analyst estimates for Vertiv Holdings Co. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. From a valuation perspective, Vertiv Holdings Co. is currently exchanging hands at a For ...

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. Vertiv Holdings Co. (VRT) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank. Earnings Growth While the historical EPS growth rate for Vertiv is 72.6%, investors should actually focus on the projected growth. The company's ...

Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brok ...