Resideo Technologies (NYSE:REZI – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.430-0.530 for the period, compared to the consensus earnings per share estimate of 0.420. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Resideo Technologies also updated its FY 2024 guidance to 1.900-2.300 EPS.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded Resideo Technologies from a c+ rating to a b- rating in a research report on Wednesday, February 28th.
Read Our Latest Analysis on Resideo Technologies
Resideo Technologies Stock Up 1.8 %
Resideo Technologies (NYSE:REZI – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.14. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was down 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Resideo Technologies will post 2.1 earnings per share 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.
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