Vertiv (VRT) Reports Q1: Everything You Need To Know Ahead Of Earnings

Data center products and services company Vertiv (NYSE:VRT) will be announcing earnings results this Wednesday before the bell. Here’s what you need to know.

Vertiv met analysts’ revenue expectations last quarter, reporting revenues of $2.88 billion, up 22.7% year on year. It was a strong quarter for the company, with full-year EPS and revenue guidance exceeding analysts’ expectations.

Is Vertiv a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Vertiv’s revenue to grow 30% year on year, improving from the 24.2% increase it recorded in the same quarter last year.

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 rarely misses Wall Street’s revenue estimates.

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 4.9%, missing analysts’ expectations by 2.5%, and Badger Meter reported a revenue decline of 9%, falling short of estimates by 12.5%. Acuity Brands traded down 6.5% following the results while Badger Meter was also down 25.6%.

Read our full analysis of Acuity Brands’s results here and Badger Meter’s results here.

There has been positive sentiment among investors in the electrical equipment segment, with share prices up 11.6% on average over the last month. Vertiv is up 23.6% during the same time and is heading into earnings with an average analyst price target of $295.64 (compared to the current share price of $316.47).

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