Resideo Earnings Watch: Can It Turn Around | Business and Finance News

Resideo Technologies is set to drop its Q2 earnings this Wednesday, having posted strong 191 million in revenue last quarter—up 8% year-over-year and beating expectations—but missing EBITDA targets. Analysts expect flat revenue this quarter compared to last year’s 22.3% growth, though Resideo typically meets targets. While competitors Carlisle and Sherwin-Williams both beat estimates and saw stock gains, Resideo’s shares are down 32.2% in the past month, trading at $24 versus an average analyst price target of $44.50. The big question: Can Resideo reverse course and align with the upbeat momentum in the building materials sector? Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fb482596dbd13144