Vertiv Tops Q3 Estimates as Orders Surge, Stock Whipsaws on Sky-High Hopes

Expectations were elevated after a roughly 54% pre-earnings rally, leaving little room for upside in the print.

Overview

Vertiv reported third-quarter revenue of $2.68 billion and earnings of $1.24 per share, topping analyst estimates of $2.58 billion and $0.98.
Organic orders rose about 60% in the quarter, a demand signal highlighted in post-earnings commentary.
Shares swung sharply after the release, opening up roughly 10 points before dropping about 20 points as investors reassessed the results.
Jim Cramer praised chairman Dave Cote’s leadership, calling his stewardship of the company “magnificent.”
Cramer characterized Vertiv as a “wild trader” and advised buying only part of a position, citing the steep run-up into the quarter.