Resideo Technologies (NYSE:REZI – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.180-2.280 for the period, compared to the consensus EPS estimate of 2.270. The company issued revenue guidance of $6.7 billion-$6.8 billion, compared to the consensus revenue estimate of $6.7 billion. Resideo Technologies also updated its Q4 guidance to $0.51-0.61 EPS.
Wall Street Analysts Forecast Growth
Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They set an “outperform” rating and a $25.00 price objective on the stock.
Get Our Latest Research Report on Resideo Technologies
Resideo Technologies Stock Performance
Resideo Technologies (NYSE:REZI – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.20. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Resideo Technologies had a net margin of 2.72% and a return on equity of 11.07%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, analysts expect that Resideo Technologies will post 1.92 EPS for the current fiscal year.
About Resideo Technologies
Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.
Further Reading
- Five stocks we like better than Resideo Technologies
- What Investors Need to Know to Beat the Market
- California Resources Stock Could Be a Huge Long-Term Winner
- How to Buy Cheap Stocks Step by Step
- Observability Wars: Datadog and Dynatrace Vie for Data Dominance
- The 3 Best Retail Stocks to Shop for in August
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
Receive News & Ratings for Resideo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resideo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.