Vertiv Holdings (NYSE:VRT) reported its Q1 earnings results on Wednesday, April 27, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Vertiv Holdings beat estimated earnings by 52.94%, reporting an EPS of $-0.08 versus an estimate of $-0.17.
Revenue was up $58.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.24 which was followed by a 0.08% increase in the share price the next day.
Here's a look at Vertiv Holdings's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.28 | 0.19 | 0.24 | 0.12 |
| EPS Actual | 0.04 | 0.20 | 0.31 | 0.21 |
| Revenue Estimate | 1.42B | 1.23B | 1.21B | 1.04B |
| Revenue Actual | 1.41B | 1.23B | 1.26B | 1.10B |
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 $0.67 and $0.77 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.
