Resideo Technologies Inc expected to post earnings of 40cents a share - Earnings Preview

Resideo Technologies

14/02/2023 03:01

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
rise in quarterly revenue when it reports  results on February
15. 
    * The Scottsdale Arizona-based  company is expected to
report  a
7.8% increase in revenue to $1.567 billion from $1.45 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on November 1 2022,
for the period ended December 31, was for revenue between $1.55
billion and $1.60 billion.
    * ​Refinitiv's mean analyst estimate for Resideo
Technologies Inc
is for earnings of 40 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $25.5​, above​ its last closing price
of $19.17. ​​​

The company's guidance on November 1 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD130 million and USD140 million.The company's guidance on
November 1 2022 for the period ended December 31 was for gross
profit margin between USD26.5% and USD27.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.36        0.37       0.45      Beat    21.6
 ​​Sep.        0.46        0.47       0.46      Missed  -1.1
 30 2021                                                
 Jun. 30 2021  0.31        0.31       0.39      Beat    25.8​
 Mar. 31 2021  0.35        0.33       0.33      Met     0.4
 Dec. 31 2020  0.73        0.66       0.44      Missed  -33.3
 This summary was machine generated February 14 at 03:01 GMT. 
All figures in US dollars  unless otherwise stated