REZI Stock Recent News

Resideo Technologies, Inc. (NYSE:REZI ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Jason Willey – Vice President-Investor Relations Jay Geldmacher – Chief Executive Officer Tony Trunzo – Chief Financial Officer Conference Call Participants Cory Carpenter – JPMorgan Ian Zaffino – Oppenheimer Operator Ladies and gentlemen, at this time, I would like to welcome everyone to the Resideo First Quarter 2024 Earnings. Today's call is being recorded.

Resideo Technologies (REZI) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.39 per share a year ago.

Resideo Technologies, Inc., a producer of home products and solutions, is a good candidate for attractively priced stocks. The company operates in the connected home trend and has the potential for additional growth. Despite some volatility in revenue and profitability, management's cost-cutting initiatives are expected to improve profitability metrics.

Resideo Technologies covers the needs of over 150 million homes globally with its security and comfort products. The company operates in multiple markets and has production facilities in various countries. Resideo reported better-than-expected earnings and has a positive outlook due to recent acquisitions, restructuring, and e-commerce growth.

Resideo beat expectations on the top and bottom lines and made strong progress growing cash generation. The company sees continued operational improvements up ahead, but only limited growth in 2024.

Resideo Technologies, Inc. (REZI) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Resideo Technologies (REZI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

SCOTTSDALE, Ariz. , Jan. 16, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release fourth quarter and full year 2023 financial results after the close of the New York Stock Exchange on Tuesday, February 13, 2024.

Resideo Technologies (REZI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.