Data center products and services company Vertiv (NYSE: VRT) will be reporting earnings tomorrow before market open. Here’s what you need to know.
Vertiv beat analysts’ revenue expectations by 8.8% last quarter, reporting revenues of $2.35 billion, up 25.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ organic revenue and EBITDA estimates.
Is Vertiv a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Vertiv’s revenue to grow 18% year on year to $1.93 billion, improving from the 7.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vertiv has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Vertiv’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Acuity Brands delivered year-on-year revenue growth of 11.1%, missing analysts’ expectations by 2.2%, and Badger Meter reported revenues up 13.2%, in line with consensus estimates. Acuity Brands traded down 12.3% following the results while Badger Meter was up 8.8%.
Read our full analysis of Acuity Brands’s results here and Badger Meter’s results here.
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