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

• Resideo Technologies Inc REZI.N reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of three analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 51 cents to 56 cents per share.

• Revenue rose 22.3% to $1.94 billion from a year ago; analysts expected $1.82 billion.

• Resideo Technologies Inc's reported EPS for the quarter was a loss of $5.59​.

• The company reported a quarterly loss of $833 million.

• Resideo Technologies Inc shares had risen by 16.8% this quarter and gained 11.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.4% 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 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Resideo Technologies Inc is $29.50, about 11.1% above its last closing price of $26.23

This summary was machine generated from LSEG data August 5 at 09:49 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)