Resideo Technologies Inc expected to post earnings of 44 cents a share - Earnings Preview

Resideo Technologies

09/02/2024 22:37

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
fall in quarterly revenue when it reports  results on February
13 for the period ending December 31 2023
    * The Scottsdale Arizona-based  company is expected to
report a
2.3% decrease in revenue to $1.524 billion from $1.56 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on November 1 2023, for the
period ended December 31, was for revenue between $1.50 billion
and $1.55 billion.
    * ​LSEG's mean analyst estimate for Resideo Technologies Inc
is
for earnings of 44 cents per share. The company's EPS guidance
on November 1 2023, for the period ended December 31, was
between $0.29 and $0.39 
    * 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 $18.00​, above​ its last closing price
of $17.58. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD135 million and USD155 million.The company's guidance on
November 1 2023 for the period ended December 31 was for
Earnings before Interest, Taxes, Depreciation and Amortization
of between USD1.495 billion and USD146 million.The company's
guidance on November 1 2023 for the period ended December 31 was
for gross profit margin between USD26% and USD27%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.27        0.27       0.14      Missed  -47.7
 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.        0.56        0.56       0.42      Missed  -25
 30 2022                                                
 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
 This summary was machine generated February 9 at 22:37 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)