Resideo Sees Q3 Adj. EPS $0.27-$0.37 vs $0.49 Est., Revenue $1.515B-$1.565B vs $1.61B Est.
Portfolio Pulse from Benzinga Newsdesk
Resideo Technologies Inc. has projected its Q3 adjusted EPS to be between $0.27 and $0.37, which is lower than the estimated $0.49. The company also expects its revenue to be between $1.515 billion and $1.565 billion, lower than the estimated $1.61 billion.
August 04, 2023 | 2:39 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Resideo's lower than expected Q3 earnings and revenue projections may negatively impact its stock price in the short term.
Resideo's projected Q3 earnings and revenue are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100