Resideo Technologies (NYSE:REZI) Issues Q4 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.510-0.610 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

Separately, Evercore ISI began coverage on shares of Resideo Technologies in a research report on Friday, August 9th. They issued an “outperform” rating and a $25.00 target price for the company.

Resideo Technologies Stock Up 10.4 %

REZI stock traded up $2.26 during midday trading on Friday, reaching $24.01. The company had a trading volume of 2,082,378 shares, compared to its average volume of 626,210. Resideo Technologies has a 1 year low of $15.44 and a 1 year high of $24.09. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $3.52 billion, a P/E ratio of 21.63 and a beta of 2.09. The company has a 50 day moving average of $19.95 and a two-hundred day moving average of $20.24.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.42 by $0.20. Resideo Technologies had a net margin of 2.72% and a return on equity of 11.07%. 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 prior year, the business posted $0.34 EPS. Resideo Technologies’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that Resideo Technologies will post 1.92 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.