Resideo Technologies Inc expected to post earnings of 33 cents a share - Earnings Preview

Resideo Technologies

29/04/2024 21:39

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 1
(estimated) for the period ending March 31 2024
    * The Scottsdale Arizona-based  company is expected to
report a
4.1% decrease in revenue to $1.485 billion from $1.55 billion a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on February 13 2024, for the
period ended March 31, was for revenue between $1.46 billion and
$1.51 billion.
    * ​LSEG's mean analyst estimate for Resideo Technologies Inc
is
for earnings of 33 cents per share. The company's EPS guidance
on February 13 2024, for the period ended March 31, was between
$0.28 and $0.38 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Resideo
Technologies Inc is $19.00​, below​ its last closing price
of $19.88. ​​​

The company's guidance on February 13 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD1.46 billion and USD140 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.43        0.44       0.48      Beat    9.6
 Jan. 1 2023   0.27        0.27       0.41      Beat    53.3
 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.        0.41        0.40       0.49      Beat    22
 31 2022                                                
 Jan. 1 0001   0.56        0.56       0.42      Missed  -25​
 Jun. 30 2022  0.56        0.56       0.63      Beat    12.2
 Mar. 31 2022  0.44        0.44       0.58      Beat    31.2
 This summary was machine generated April 29 at 20:39 GMT.  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)