Resideo Expects Q2 Net revenue Of $1.51B-$1.56B (Est $1.578B), Adj EPS Of $0.43-$0.53 (Est $0.42)
Portfolio Pulse from Benzinga Newsdesk
Resideo Technologies, Inc. forecasts its Q2 net revenue to be between $1.51B and $1.56B, slightly below the estimated $1.578B. However, its adjusted EPS is expected to range from $0.43 to $0.53, surpassing the estimated $0.42.
May 02, 2024 | 9:25 pm
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POSITIVE IMPACT
Resideo's Q2 revenue forecast falls slightly short of expectations, but its adjusted EPS projection exceeds estimates.
While Resideo's revenue forecast is slightly below analyst expectations, the higher-than-expected adjusted EPS guidance indicates operational efficiency and profitability that could positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100