Resideo Technologies Inc reports results for the quarter ended in June - Earnings Summary

Resideo Technologies

04/08/2023 05:18

* Resideo Technologies Inc  REZI.N  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue fell 5% to $1.60 billion from a year ago; analysts
expected $1.62 billion. 
    * Resideo Technologies Inc's reported EPS for the quarter
was 34
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Resideo Technologies Inc shares had risen by 4.0% this
quarter and gained 11.6% so far this year.
    * The company reported quarterly net income of $50 million.
    * Wall Street's median 12-month price target for Resideo
Technologies Inc is $21.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 04:17 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.46           0.34           Missed
 Mar. 31 2023      0.34           0.63           Beat
 Dec. 31 2022      0.40           0.49           Beat
 Sep. 30 2022      0.56           0.42           Missed