Resideo Technologies (REZI) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.62 per share a year ago.
Resideo Technologies (REZI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
I am upgrading Resideo Technologies to a buy, as the stock trades at a 25% discount to intrinsic value and has good growth prospects. Revenue growth in FY2025 should be driven by price increases, new product launches, and the Snap One acquisition, despite macroeconomic uncertainty. Margins are expected to come under pressure due to higher input costs.
Resideo Technologies (REZI) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.47 per share a year ago.
Resideo Technologies (REZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Resideo Technologies (REZI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Investors need to pay close attention to Resideo Technologies (REZI) stock based on the movements in the options market lately.
Resideo Technologies faces short-term growth challenges due to a soft housing market but is countering with strategic acquisitions and new product introductions. The company expects modest revenue and EBITDA growth in FY2025, driven by new product categories and synergies from recent acquisitions. Although the stock is undervalued compared to its peers, I maintain my "Hold" call due to the lack of sufficiently strong drivers.
Resideo Technologies, Inc. (NYSE:REZI ) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Christopher Lee - Global Head of Investor Relations Jay Geldmacher - Chief Executive Officer Michael Carlet - Executive Vice President & Chief Financial Officer Robert Aarnes - President, Resideo's ADI Global Distribution Business Thomas Surran - President, Products and Solutions Conference Call Participants Cory Carpenter - JPMorgan Isaac Sellhausen - Oppenheimer Operator Good afternoon. My name is Kathleen, and I will be your conference operator today.
Resideo Technologies (REZI) came out with quarterly earnings of $0.59 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.48 per share a year ago.
Resideo Technologies (REZI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Resideo Technologies (REZI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.