Vertiv Holdings: Q3 Earnings Insights

Vertiv Holdings: Q3 Earnings Insights

Vertiv Holdings 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.

Posted In: BZI-RecapsEarnings