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

ADT

08/08/2023 14:34

* ADT Inc  ADT.N  reported quarterly adjusted earnings of 16
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
6 cents per share.
    * Revenue fell 0.5% to $1.59 billion from a year ago;
analysts
expected $1.65 billion. 
    * ADT Inc's reported EPS for the quarter was 10 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * ADT Inc shares had risen by 2.2% this quarter and
lost 32.1% so
far this year.
    * The company reported quarterly net income of $92 million.
    * Wall Street's median 12-month price target for ADT Inc is
$9.30 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.06           0.16           Beat
 Mar. 31 2023      0.09           0.12           Beat
 Dec. 31 2022      0.18           0.10           Missed
 Sep. 30 2022      0.08           0.10           Beat