Resideo Technologies Inc expected to post earnings of 27  cents a share - Earnings Preview

Resideo Technologies

31/10/2023 02:03

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
fall in quarterly revenue when it reports  results on November
1. 
    * The Scottsdale Arizona-based  company is expected to
report  a
4.9% decrease in revenue to $1.539 billion from $1.62 billion a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. The company's guidance on August 3 2023, for
the period ended September 30, was for revenue between $1.52
billion and $1.57 billion.
    * ​Refinitiv's mean analyst estimate for Resideo
Technologies Inc
is for earnings of 27 cents per share. The company's EPS
guidance on August 3 2023, for the period ended September
30, was between $0.27 and $0.37 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Resideo
Technologies Inc is $18​, above​ its last closing price
of $14.38. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD105 million and USD125 million.The company's guidance on
August 3 2023 for the period ended September 30 was for Earnings
before Interest, Taxes, Depreciation and Amortization of between
USD1.515 billion and USD144 million.The company's guidance on
August 3 2023 for the period ended September 30 was for gross
profit margin between USD26.1% and USD27.1%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.46        0.46       0.34      Missed  -26.6
 Mar. 31 2023  0.34        0.34       0.39      Beat    15.3
 Dec. 31 2022  0.41        0.40       0.49      Beat    22​
 Sep. 30 2022  0.56        0.56       0.42      Missed  -25
 ​​Jun.        0.56        0.56       0.63      Beat    12.2
 30 2022                                                
 Mar. 31 2022  0.44        0.44       0.58      Beat    31.2​
 Dec. 31 2021  0.36        0.37       0.45      Beat    21.6
 Sep. 30 2021  0.46        0.47       0.46      Missed  -1.1
 This summary was machine generated October 31 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated