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

ADT

25/04/2024 16:11

* ADT Inc  ADT.N  reported quarterly adjusted earnings of 16
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 12
cents.  The mean expectation of five analysts for the quarter
was for earnings of 12 cents per share. Wall Street expected
results to range from 2 cents to 16 cents per share.
    * Revenue fell 25% to $1.21 billion from a year ago;
analysts
expected $1.19 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 fallen by 5.1% this quarter and
lost 6.5% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $8.65 
This summary was machine generated from LSEG data April 25 at
03:11 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
 Mar. 31 2024      0.12           0.16           Beat
 Dec. 31 2023      0.04           0.25           Beat
 Sep. 30 2023      0.02           0.08           Beat
 Jun. 30 2023      0.06           0.16           Beat