Resideo Q2 EPS Seen at $0.68, Below Prior Guidance of $0.71-$0.75
REZI sits 30% above its 52-week low of $18.585.
Summary
Resideo is expected to report Q2 EPS of $0.68 on August 12, below its own June 4 guidance of $0.71-$0.75. Revenue is seen at $1.935B, a slight 0.4% decline year-over-year, within the guided range. The earnings miss relative to guidance is the key negative signal, especially following the recent ADI spin-off completion on August 4. The company's medium-term targets from the July 13 investor day (4-5% revenue CAGR, 23-25% adjusted EBITDA margin) now face early scrutiny. The report will be the first clean quarter post-spin-off and will set the tone for standalone Resideo's trajectory.
At the time of this announcement, REZI was trading at $24.21 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $18.59 to $31.50. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.