Vertiv Holdings (NYSE:VRT) reported its Q3 earnings results on Wednesday, October 26, 2022 at 05:55 AM.
Here’s what investors need to know about the announcement.
Earnings
Vertiv Holdings beat estimated earnings by 9.52%, reporting an EPS of $0.23 versus an estimate of $0.21.
Revenue was up $252.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 9.84% increase in the share price the next day.
Here’s a look at Vertiv Holdings’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.1 | -0.17 | 0.28 | 0.19 |
| EPS Actual | 0.1 | -0.08 | 0.04 | 0.20 |
| Revenue Estimate | 1.33B | 1.14B | 1.42B | 1.23B |
| Revenue Actual | 1.40B | 1.16B | 1.41B | 1.23B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Vertiv Holdings management provided guidance for FY 2022, expecting earnings between $0.53 and $0.59 per share.
To track all earnings releases for Vertiv Holdings visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
