Vertiv Holdings Co. (VRT), a leading provider of critical digital infrastructure, announced optimistic projections for its fourth-quarter performance, surpassing analyst expectations. The company has also revised its annual profit and sales forecasts, presenting a more optimistic outlook than previously anticipated by analysts.
For the fourth quarter, Vertiv forecasts adjusted earnings per share (EPS) ranging from $0.80 to $0.84, with anticipated sales between $2.115 billion and $2.165 billion. This is in contrast to the average estimates from 13 analysts surveyed by Thomson Reuters, who projected earnings of $0.75 per share and revenue of $2.15 billion for the quarter. It should be noted that analysts' estimates typically exclude special items.
For the entire fiscal year, Vertiv has revised its adjusted EPS guidance to a range of $2.66 to $2.70, up from a previous forecast of $2.47 to $2.53 per share. Additionally, the company has increased its annual sales projection to between $7.780 billion and $7.830 billion, an improvement from the prior guidance of $7.590 billion to $7.740 billion.
On average, analysts had anticipated Vertiv to report earnings of $2.49 per share and revenue of $7.72 billion for the year.
