Resideo Technologies Inc expected to post earnings of 56 cents a share - Earnings Preview

Resideo Technologies

06/11/2024 03:45

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
rise in quarterly revenue when it reports  results on November 7
for the period ending September 30 2024
    * The Scottsdale Arizona-based  company is expected to
report a
16.9% increase in revenue to $1.817 billion from $1.55 billion a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.The company's guidance on August 8 2024, for the
period ended September 30, was for revenue between $1.79 billion
and $1.83 billion.
    * ​LSEG's mean analyst estimate for Resideo Technologies Inc
is
for earnings of 56 cents per share. The company's EPS guidance
on August 8 2024, for the period ended September 30, was between
$0.49 and $0.59 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 $24.50​, above​ its last closing price
of $20.54. ​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD1.79 billion and
USD180 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  
 Jan. 1 0001   0.50        0.50       0.62      Beat    24
 Mar. 31 0001  0.33        0.33       0.47      Beat    42.4
 Dec. 31 2023  0.43        0.44       0.48      Beat    9.6​
 Sep. 30 2023  0.27        0.27       0.41      Beat    53.3
 ​​Jun.        0.46        0.46       0.34      Missed  -26.6
 30 2023                                                
 Mar. 31 2023  0.34        0.34       0.39      Beat    15.3​
 Dec. 31 2022  0.41        0.40       0.49      Beat    22
 Sep. 30 2022  0.56        0.56       0.42      Missed  -25
 This summary was machine generated November 6 at 03:44 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)