ADT Inc reports results for the quarter ended in December - Earnings Summary

ADT

28/02/2024 17:01

* ADT Inc  ADT.N  reported quarterly adjusted earnings of 25
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 10
cents.  The mean expectation of five analysts for the quarter
was for earnings of 4 cents per share. Wall Street expected
results to range from zero cents to 10 cents per share.
    * Revenue fell 25.7% to $1.22 billion from a year ago;
analysts
expected $1.44 billion. 
    * ADT Inc's reported EPS for the quarter was 59 cents​.
    * The company reported quarterly net income of $576 million.
    * ADT Inc shares had fallen by 4.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is  "hold."

Wall Street's median 12-month price target for ADT Inc is $8.50 
This summary was machine generated from LSEG data February 28 at
05:00 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.25           Beat
 Sep. 30 2023      0.02           0.08           Beat
 Jun. 30 2023      0.06           0.16           Beat
 Mar. 31 2023      0.09           0.12           Beat