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

Resideo Technologies

29/10/2022 24:49

* Resideo Technologies Inc  REZI.N   REZI.K  is expected
to show a
rise in quarterly revenue when it reports  results on November
1. 
    * The Scottsdale Arizona-based  company is expected to
report  a
13.2% increase in revenue to $1.693 billion from $1.5 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on August 4 2022, for
the period ended September 30, was for revenue between $1.67
billion and $1.72 billion.
    * ​Refinitiv's mean analyst estimate for Resideo
Technologies Inc
is for earnings of 56 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 $29​, above​ its last closing price
of $23.78. ​​​

The company's guidance on August 4 2022 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD165 million and USD175 million.The company's guidance on
August 4 2022 for the period ended September 30 was for gross
profit margin between USD27% and USD28%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.46        0.47       0.46      Missed  -1.1
 ​​Jun.        0.31        0.31       0.39      Beat    25.8
 30 2021                                                
 Mar. 31 2021  0.35        0.33       0.33      Met     0.4​
 Dec. 31 2020  0.73        0.66       0.44      Missed  -33.3
 Sep. 30 2020  0.08        0.05       1.02      Beat    2,085.
                                                        6
 This summary was machine generated October 28 at 23:49 GMT.  All
figures in US dollars  unless otherwise stated