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

Resideo Technologies

08/08/2024 23:49

* Resideo Technologies Inc  REZI.N  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of
three analysts for the quarter was for earnings of 50 cents per
share. Wall Street expected results to range from 49 cents to 51
cents per share.
    * Revenue fell 0.8% to $1.59 billion from a year ago;
analysts
expected $1.53 billion. 
    * Resideo Technologies Inc's reported EPS for the quarter
was 19
cents​.
    * The company reported quarterly net income of $30 million.
    * Resideo Technologies Inc shares had fallen by 3.8% this
quarter and held steady so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for Resideo
Technologies Inc is $22.00 
This summary was machine generated from LSEG data August 8 at
10:48 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.50           0.62           Beat
 Mar. 31 2024      0.33           0.47           Beat
 Dec. 31 2023      0.44           0.48           Beat
 Sep. 30 2023      0.27           0.41           Beat