Resideo Sees FY23 Adj. EPS $1.29-$1.49 vs $1.90 Est., Net Revenue $6.19B-$6.29B vs $6.38B Est.
Portfolio Pulse from Benzinga Newsdesk
Resideo has provided its FY23 adjusted EPS guidance in the range of $1.29-$1.49, which is lower than the estimated $1.90. The company also expects its net revenue to be between $6.19B-$6.29B, falling short of the estimated $6.38B.
August 04, 2023 | 2:45 pm
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NEGATIVE IMPACT
Resideo's lower than expected FY23 adjusted EPS and net revenue guidance may negatively impact its stock price in the short term.
Resideo's FY23 guidance for both adjusted EPS and net revenue is lower than the estimates. This indicates that the company's performance may not meet market expectations, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100