• Vertiv Holdings Co VRT.N reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 67 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 83 cents per share. Wall Street expected results to range from 80 cents to 90 cents per share.

• Revenue rose 35.1% to $2.64 billion from a year ago; analysts expected $2.34 billion.

• Vertiv Holdings Co's reported EPS for the quarter was 83 cents​.

• The company reported quarterly net income of $324.2 million.

• Vertiv Holdings Co shares had risen by 11.1% this quarter and gained 25.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Vertiv Holdings Co is $139.50, about 2.3% below its last closing price of $142.70

This summary was machine generated from LSEG data July 30 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)