Resideo Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• Resideo Technologies Inc REZI.N reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of four analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 55 cents to 61 cents per share.

• Revenue rose 20.9% to $1.86 billion from a year ago; analysts expected $1.84 billion.

• Resideo Technologies Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $12 million.

• Resideo Technologies Inc shares had fallen by 5.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $29.00

This summary was machine generated from LSEG data February 20 at 10:46 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)