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

ADT

01/08/2024 14:53

* ADT Inc  ADT.N  reported quarterly adjusted earnings of 17
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of five analysts for the quarter
was for earnings of 17 cents per share. Wall Street expected
results to range from 16 cents to 19 cents per share.
    * Revenue fell 24.4% to $1.21 billion from a year ago;
analysts
expected $1.21 billion. 
    * ADT Inc's reported EPS for the quarter was 10 cents​.
    * The company reported quarterly net income of $92 million.
    * ADT Inc shares had risen by 2.4% this quarter and
gained 14.1%
so far this year.

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 August 1 at
01:53 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
 Jun. 30 2024      0.17           0.17           Met
 Mar. 31 2024      0.12           0.16           Beat
 Dec. 31 2023      0.04           0.25           Beat
 Sep. 30 2023      0.02           0.08           Beat