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

Resideo Technologies

02/11/2023 02:31

* Resideo Technologies Inc  REZI.N  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 42 cents.  The mean expectation of
five analysts for the quarter was for earnings of 27 cents per
share. Wall Street expected results to range from 19 cents to 32
cents per share.
    * Revenue fell 4% to $1.55 billion from a year ago; analysts
expected $1.54 billion. 
    * Resideo Technologies Inc's reported EPS for the quarter
was 14
cents​.
    * The company reported quarterly net income of $21 million.
    * Resideo Technologies Inc shares had fallen by 8.4% this
quarter and lost 12.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 $18.00 
This summary was machine generated from LSEG data November 2 at
02:31 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.27           0.14           Missed
 Jun. 30 2023      0.46           0.34           Missed
 Mar. 31 2023      0.34           0.39           Beat
 Dec. 31 2022      0.40           0.49           Beat