Vertiv Holdings Sees Q1 Revenue $1.575B-$1.625B Vs $1.62B Est, Adj. EPS $0.32-$0.36 Vs. $0.37 Est.
Portfolio Pulse from Benzinga Newsdesk
Vertiv Holdings projects Q1 revenue to be between $1.575B and $1.625B, slightly below the estimated $1.62B. The adjusted EPS is expected to be $0.32-$0.36, under the $0.37 estimate.
February 21, 2024 | 11:00 am
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NEGATIVE IMPACT
Vertiv Holdings projects lower-than-expected Q1 revenue and adjusted EPS, indicating potential short-term pressure on its stock price.
The projected revenue and adjusted EPS for Vertiv Holdings are both below analyst estimates, which can lead to negative investor sentiment and potentially lower the stock price in the short term. Given the direct impact of earnings projections on stock performance, this news is highly relevant and important for investors in VRT.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100