Resideo Technologies Inc reports results for the quarter ended September 30 - Earnings Summary

Resideo Technologies

08/11/2024 21:07

* Resideo Technologies Inc  REZI.N  reported quarterly
adjusted
earnings of 58 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of four analysts
for the quarter was for earnings of 56 cents per share. Wall
Street expected results to range from 56 cents to 57 cents per
share.
    * Revenue rose 17.6% to $1.83 billion from a year ago;
analysts
expected $1.82 billion. 
    * Resideo Technologies Inc's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $20 million.
    * Resideo Technologies Inc shares had risen by 8.0% this
quarter and gained 15.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is  "hold."

Wall Street's median 12-month price target for Resideo
Technologies Inc is 25.50 
This summary was machine generated from LSEG data November 8 at
09:06 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
 Sep. 30 2024      0.50           0.58           Beat
 Jun. 30 2024      0.50           0.62           Beat
 Mar. 31 2024      0.33           0.47           Beat
 Dec. 31 2023      0.44           0.48           Beat