On August 3, Vertiv Holdings LLC rose 3.25% in regular trading, trading at $250.45/share, with turnover of $417 million. The stock continued its post-earnings recovery after multiple investment banks issued bullish reports supporting the outlook.
The rebound follows a nearly 14% drop on July 29 after Q2 revenue of $3.274 billion missed the $3.377 billion consensus estimate, though adjusted EPS of $1.52 beat the $1.42 expectation. UBS noted that management attributed the Q2 revenue shortfall to timing shifts caused by supply chain congestion, implying growth should meaningfully recover in Q3. UBS reiterated its buy rating with a $370 price target. Oppenheimer highlighted strengthening demand, cross-regional pipeline expansion, and accelerating July shipments tracking in line with H2 revenue guidance.
Vertiv also raised its full-year guidance, lifting the revenue midpoint to $14 billion versus the FactSet estimate of $13.88 billion, and adjusted EPS guidance to a $6.65-$6.75 range (midpoint $6.70) versus the Street estimate of $6.49, signaling management confidence in sustained growth momentum through the second half.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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