VRT - Vertiv: Orders Jump In Q1 Solid Non-GAAP Beat And Raise For This AI Play
2024-04-24 10:15:50 ET
Summary
- S&P 500 companies mentioning AI on earnings calls reach a new high as worker productivity is top of mind.
- Vertiv Holdings reported strong Q1 earnings, beating operating earnings estimates and increasing guidance, though it missed modestly on its GAAP EPS estimate.
- With 20%-plus bottom-line growth in the years ahead, shares trade with a premium multiple as the stock hits all-time highs today.
- I highlight key price levels to watch.
AI fervor persists as the Q1 earnings season presses on. The percentage of S&P 500 companies mentioning AI on earnings calls has recently notched a fresh high. It comes as the population of workers in prime-working years is on the decline, according to UN Population Prospects, as reported by Evercore ISI Research....
Vertiv: Orders Jump In Q1, Solid Non-GAAP Beat And Raise For This AI Play