Resideo Technologies Inc expected to post earnings of 50 cents a share - Earnings Preview

Resideo Technologies

07/08/2024 03:06

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Scottsdale Arizona-based  company is expected to
report a
4.2% decrease in revenue to $1.534 billion from $1.6 billion a
year ago, according to the estimate from one analyst, based on
LSEG data.The company's guidance on May 2 2024, for the period
ended June 30, was for revenue between $1.51 billion and $1.56
billion.
    * ​LSEG's mean analyst estimate for Resideo Technologies Inc
is
for earnings of 50 cents per share. The company's EPS guidance
on May 2 2024, for the period ended June 30, was between $0.43
and $0.53 
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Resideo
Technologies Inc is $22.00​, above​ its last closing price
of $19.30. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD1.51 billion and USD150 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  
 Mar. 31 2024  0.33        0.33       0.47      Beat    42.4
 Dec. 31 2024  0.43        0.44       0.48      Beat    9.6
 Jan. 1 0001   0.27        0.27       0.41      Beat    53.3​
 Jun. 30 2023  0.46        0.46       0.34      Missed  -26.6
 ​​Mar.        0.34        0.34       0.39      Beat    15.3
 31 2023                                                
 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
 This summary was machine generated August 7 at 02:06 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)