Resideo Technologies (NYSE:REZI – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.510-0.610 for the period, compared to the consensus earnings per share estimate of 0.610. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. Resideo Technologies also updated its FY 2024 guidance to 2.180-2.280 EPS.
Analysts Set New Price Targets
Separately, Evercore ISI started coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They set an “outperform” rating and a $25.00 price target for the company.
View Our Latest Analysis on Resideo Technologies
Resideo Technologies Stock Performance
Resideo Technologies (NYSE:REZI – Get Free Report) last posted 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. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, research analysts predict that Resideo Technologies will post 1.92 earnings per share for the current fiscal year.
Resideo Technologies Company Profile
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.
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