Resideo Technologies Inc expected to post earnings of 34  cents a share - Earnings Preview

Resideo Technologies

02/05/2023 03:01

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
rise in quarterly revenue when it reports  results on May 3. 
    * The Scottsdale Arizona-based  company is expected to
report  a
1.7% increase in revenue to $1.531 billion from $1.51 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on February 15 2023,
for the period ended March 31, was for revenue between 1.52
billion and 1.56 billion.
    * ​Refinitiv's mean analyst estimate for Resideo
Technologies Inc
is for earnings of 34 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 $23​, above​ its last closing price
of $17.88. ​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between 120
million and 140 million.The company's guidance on February 15
2023 for the period ended March 31 was for gross profit margin
between 26.3% and 27.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.41        0.40       0.49      Beat    22
 Sep. 30 2022  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
 ​​Dec.        0.36        0.37       0.45      Beat    21.6
 31 2021                                                
 Sep. 30 2021  0.46        0.47       0.46      Missed  -1.1​
 Jun. 30 2021  0.31        0.31       0.39      Beat    25.8
 Mar. 31 2021  0.35        0.33       0.33      Met     0.4
 This summary was machine generated May 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated