Resideo Technologies (NYSE:REZI – Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.43-$0.53 for the period, compared to the consensus earnings per share estimate of $0.42. The company issued revenue guidance of $1.51-$1.56 billion, compared to the consensus revenue estimate of $1.58 billion. Resideo Technologies also updated its FY24 guidance to $1.90-$2.30 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.
Check Out Our Latest Stock Report on Resideo Technologies
Resideo Technologies Trading Up 2.3 %
Resideo Technologies (NYSE:REZI – Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.14. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, sell-side analysts forecast that Resideo Technologies will post 1.65 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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