Vertiv Holdings Sees Q4 Revenue Of $2.115B - $2.165B (Vs. $1.971B Cons.), Adj. EPS Of $0.80 - $0.84 (Vs. $0.75 Est.)
Portfolio Pulse from Benzinga Newsdesk
Vertiv Holdings has announced its Q4 revenue forecast to be between $2.115 billion and $2.165 billion, surpassing the consensus of $1.971 billion. The adjusted EPS is expected to be between $0.80 and $0.84, higher than the estimated $0.75.
October 23, 2024 | 10:07 am
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POSITIVE IMPACT
Vertiv Holdings has provided a strong Q4 revenue and EPS forecast, both exceeding market expectations. This positive outlook is likely to boost investor confidence and potentially drive the stock price up in the short term.
The company's Q4 revenue forecast of $2.115B-$2.165B is significantly higher than the consensus of $1.971B, and the adjusted EPS forecast of $0.80-$0.84 exceeds the estimated $0.75. These figures suggest strong financial performance, which is likely to positively impact the stock price as investors react to the better-than-expected guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100