Here's Why Vertiv Holdings Co. (VRT) Fell More Than Broader Market

Vertiv Holdings Co. (VRT) declined 1.32% to $234.26 in the latest session, underperforming the broader market. The company is forecasted to report strong earnings growth of 47.58% YoY with revenue expected at $3.77 billion (+40.79% YoY). Despite a Zacks Rank #2 (Buy) rating and positive analyst estimate revisions, the stock trades at a premium valuation with a Forward P/E of 35.5 versus the industry average of 13.88.