Vertiv Sees Q4 FY23 Sales Of $1.828B - $1.853B Vs. Consensus Of $1.82B; Expects Adjusted EPS Of $0.48 - $0.52 Vs. Consensus Of $0.47
Portfolio Pulse from Benzinga Newsdesk
Vertiv Holdings Co (VRT) has projected its Q4 FY23 sales to be between $1.828B and $1.853B, surpassing the consensus estimate of $1.82B. The company also expects its adjusted EPS to be between $0.48 and $0.52, higher than the consensus estimate of $0.47.
October 25, 2023 | 9:59 am
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Vertiv's projected sales and EPS for Q4 FY23 are higher than consensus estimates, which could positively impact its stock price in the short term.
Companies that report earnings or provide forecasts that beat consensus estimates often see a positive reaction in their stock price as this signals stronger financial performance than expected by the market. Therefore, Vertiv's stock price could potentially increase in the short term.
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