Resideo Technologies Inc expected to post earnings of 46  cents a share - Earnings Preview

Resideo Technologies

02/08/2023 02:44

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 3. 
    * The Scottsdale Arizona-based  company is expected to
report  a
3.9% decrease in revenue to $1.62 billion from $1.69 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on May 3 2023, for the
period ended June 30, was for revenue between 1.59 billion and
1.64 billion.
    * ​Refinitiv's mean analyst estimate for Resideo
Technologies Inc
is for earnings of 46 cents per share. The company's EPS
guidance on May 3 2023, for the period ended June 30, was
between 0.41 and 0.51 
    * 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 $21​, above​ its last closing price
of $18.64. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for Earnings before Interest and Taxes between 150
million and 170 million.The company's guidance on May 3 2023 for
the period ended June 30 was for gross profit margin between
26.8% and 27.8%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.34        0.34       0.63      Beat    86.2
 Dec. 31 2023  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.        0.44        0.44       0.58      Beat    31.2
 31 2022                                                
 Dec. 31 2021  0.36        0.37       0.45      Beat    21.6​
 Sep. 30 2021  0.46        0.47       0.46      Missed  -1.1
 Jun. 30 2021  0.31        0.31       0.39      Beat    25.8
 This summary was machine generated August 2 at 01:44 GMT.  All
figures in US dollars  unless otherwise stated