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

Resideo Technologies

04/05/2023 11:31

* Resideo Technologies Inc  REZI.N  reported quarterly
adjusted
earnings of 63 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue rose 2.9% to $1.55 billion from a year ago;
analysts
expected $1.53 billion. 
    * Resideo Technologies Inc's reported EPS for the quarter
was 58
cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Resideo Technologies Inc shares had fallen by 5.9% this
quarter and gained 4.6% so far this year.
    * The company reported quarterly net income of $57 million.
    * Wall Street's median 12-month price target for Resideo
Technologies Inc is $23.00 
    * 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 May
4 at 10:31 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.56           0.63           Beat