Is Vertiv (VRT) Stock a Smart Buy Before Q2 Earnings Report?

Like
Comment
Favorite

Is Vertiv (VRT) Stock a Smart Buy Before Q2 Earnings Report?

Zacks07-19

Vertiv VRT is set to report its second-quarter 2024 results on Jul 24.For the second quarter of 2024, Vertiv expects revenues between $1.9 billion and $1.95 billion, indicating an organic growth rate ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2452408021?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/rYP8VPOUfQj30jWv52_m5w--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/53d9a3fd304ab73d580828e5367313eb","is_english":true,"pubTime":"2024-07-19 21:52","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2452408021","market":"us","top_or_hot":-1,"title":"Is Vertiv (VRT) Stock a Smart Buy Before Q2 Earnings Report?","media":"Zacks","content":"<div>\n<p>Vertiv VRT is set to report its second-quarter 2024 results on Jul 24.For the second quarter of 2024, Vertiv expects revenues between $1.9 billion and $1.95 billion, indicating an organic growth rate ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vertiv-vrt-stock-smart-buy-135200448.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Vertiv (VRT) Stock a Smart Buy Before Q2 Earnings Report?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Vertiv (VRT) Stock a Smart Buy Before Q2 Earnings Report?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-19 21:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vertiv-vrt-stock-smart-buy-135200448.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vertiv VRT is set to report its second-quarter 2024 results on Jul 24.For the second quarter of 2024, Vertiv expects revenues between $1.9 billion and $1.95 billion, indicating an organic growth rate ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vertiv-vrt-stock-smart-buy-135200448.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DELL","symbol_name":"戴尔","start_time":0,"source_url":"https://finance.yahoo.com/news/vertiv-vrt-stock-smart-buy-135200448.html","article_id":"2452408021","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/rYP8VPOUfQj30jWv52_m5w--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/53d9a3fd304ab73d580828e5367313eb"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2452408021","pubTimestamp":1721397120,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Vertiv VRT is set to report its second-quarter 2024 results on Jul 24.For the second quarter of 2024, Vertiv expects revenues between $1.9 billion and $1.95 billion, indicating an organic growth rate of 11-13% year over year. The company expects second-quarter 2024 order growth to be strong on a year-over-year basis.Vertiv expects second-quarter 2024 non-GAAP earnings between 53 cents and 57 cents per share.The Zacks Consensus Estimate for second-quarter revenues is pegged at $1.94 billion, indicating year-over-year growth of 12.1%. The consensus mark for earnings is pegged at 59 cents per share, unchanged over the past 30 days and indicating 28.26% year-over-year growth.Vertiv’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 24.18%, on average.Vertiv Holdings Co. price-eps-surprise | Vertiv Holdings Co. Quote. Vertiv is expanding capacity across liquid cooling, thermal, UPS, switchgear, busbar and modular solutions to a","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DELL":"戴尔","VRT":"Vertiv Holdings LLC"},"translate_title":"在第二季度收益报告发布之前，Vertiv(VRT)股票是否明智？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VRT":1,"DELL":0.9},"content_text":"Vertiv VRT is set to report its second-quarter 2024 results on Jul 24.For the second quarter of 2024, Vertiv expects revenues between $1.9 billion and $1.95 billion, indicating an organic growth rate of 11-13% year over year. The company expects second-quarter 2024 order growth to be strong on a year-over-year basis. Vertiv expects second-quarter 2024 non-GAAP earnings between 53 cents and 57 cents per share.The Zacks Consensus Estimate for second-quarter revenues is pegged at $1.94 billion, indicating year-over-year growth of 12.1%. The consensus mark for earnings is pegged at 59 cents per share, unchanged over the past 30 days and indicating 28.26% year-over-year growth.Vertiv’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 24.18%, on average.\n\nVertiv Holdings Co. Price and EPS Surprise  \nVertiv Holdings Co. price-eps-surprise | Vertiv Holdings Co. Quote\n\nFactors to Note\nVertiv’s second-quarter 2024 results are expected to have benefited from growing demand for its cooling and power management infrastructure solution. It has been riding on strong AI-driven order growth. The growing focus on thermal management by data center providers bodes well for VRT.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.Expanding capacity has been a driving factor. Since the acquisition of the E&I Engineering business in November 2021, VRT has expanded capacity by more than 100% for switchgear, busway and modular solutions. The acquisition of E&I expanded the Vertiv portfolio to include medium-voltage switchgear, low-voltage switchgear and busway offerings.\nVertiv Shares Outperform Sector, Peers\nVertiv shares have surged 71.9% year to date, outperforming the broader Zacks Computer & Technology sector’s return of 20.8% and the Zacks IT Services industry’s peers like Dell Technologies DELL, Infosys INFY and Nutanix NTNX. DELL, INFY and NTNX have returned 63.8%, 21% and 0.4%, respectively, over the same timeframe.\nYear-to-Date Performance\n Image Source: Zacks Investment Research\nHowever, Vertiv stock is not so cheap as the Value Style Score of C suggests a stretched valuation at this moment.In terms of the forward 12-month P/E ratio, VRT is trading at 29.08X, higher than its median of 23.84X and the Zacks Computer & Technology sector’s 27.43X. VRT is also trading at a significant premium to its Zacks IT Services industry peer, Dell Technologies, which is trading at a forward 12-month P/E ratio of 14.44X.\nVertiv Stock Overvalued\n Image Source: Zacks Investment Research\nExpanding Capacity to Support Clientele Growth\nVertiv is expanding capacity across liquid cooling, thermal, UPS, switchgear, busbar and modular solutions to accommodate AI-driven demand growth. It currently has 22 manufacturing plants globally. Next-generation chips that form the backbone for rapid adoption of AI liquid cooling are a must. VRT has started production of CoolTera CDU in two of its global manufacturing facilities rapidly accelerating capacity to support liquid cooling demand.VRT expects to hit the high end of its capital expenditure’s $75 million to $200 million range in 2024, within the 2.5%-3% range of sales. It has a strong balance sheet and now expects net leverage to decline to two times or lower in the third quarter. Vertiv expects 2024 free cash flow between $800 million and $850 million for 2024, indicating a solid liquidity position.\nEstimate Revisions Witnessing Upward Movement\nFor 2024, Vertiv expects revenues between $7.54 billion and $7.69 billion, indicating an organic growth rate of 11-13% year over year. Non-GAAP earnings are expected between 53 cents and 57 cents per share.The Zacks Consensus Estimate for 2024 revenues is pegged at $7.73 billion, indicating year-over-year growth of 12.57%. The consensus mark for earnings is pegged at $2.44 per share, up by a couple of cents over the past 30 days and indicating 37.85% year-over-year growth.For 2025, the consensus mark for revenues is currently pegged at $8.67 billion, suggesting 12.26% growth. The Zacks Consensus Estimate for 2025 earnings is pegged at $3.17 per share, up 1.3% over the past 30 days.\nConclusion\nVertiv’s growing dominance in the thermal management space for data centers is a key catalyst. Vertiv has a Zacks Rank #2 (Buy) and a Growth Style Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant 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\nAmerican Noble Gas Inc. (INFY) : Free Stock Analysis Report\nDell Technologies Inc. (DELL) : Free Stock Analysis Report\nNutanix (NTNX) : Free Stock Analysis Report\nVertiv Holdings Co. (VRT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}