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

Resideo Technologies

03/05/2024 20:23

* Resideo Technologies Inc  REZI.N  reported quarterly
adjusted
earnings of 47 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 39 cents.  The mean expectation of
three analysts for the quarter was for earnings of 33 cents per
share. Wall Street expected results to range from 32 cents to 34
cents per share.
    * Revenue fell 4.1% to $1.49 billion from a year ago;
analysts
expected $1.49 billion. 
    * Resideo Technologies Inc's reported EPS for the quarter
was 29
cents​.
    * The company reported quarterly net income of $43 million.
    * Resideo Technologies Inc shares had fallen by 12.0% this
quarter and gained 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 May 3 at 07:23
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
 Mar. 31 2024      0.33           0.47           Beat
 Dec. 31 2023      0.44           0.48           Beat
 Sep. 30 2023      0.27           0.41           Beat
 Jun. 30 2023      0.46           0.34           Missed