Resideo Technologies (NYSE:REZI – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.000-3.200 for the period, compared to the consensus earnings per share estimate of 2.840. The company issued revenue guidance of $7.8 billion-$7.9 billion, compared to the consensus revenue estimate of $7.8 billion. Resideo Technologies also updated its Q2 2026 guidance to 0.710-0.750 EPS.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Resideo Technologies currently has a consensus rating of “Hold” and an average target price of $49.00.
Read Our Latest Research Report on REZI
Resideo Technologies Stock Performance
Resideo Technologies (NYSE:REZI – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned $0.63 EPS. Resideo Technologies’s revenue was up 8.0% compared to the same quarter last year. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. Sell-side analysts predict that Resideo Technologies will post 2.63 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in REZI. Franklin Resources Inc. increased its position in shares of Resideo Technologies by 1,325.0% during the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock valued at $81,553,000 after buying an additional 1,756,131 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Resideo Technologies by 365.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after acquiring an additional 1,543,952 shares in the last quarter. Permian Investment Partners LP increased its holdings in Resideo Technologies by 156.2% during the 4th quarter. Permian Investment Partners LP now owns 2,474,500 shares of the company’s stock worth $86,904,000 after acquiring an additional 1,508,564 shares during the period. Goldentree Asset Management LP bought a new stake in Resideo Technologies during the 4th quarter worth approximately $44,650,000. Finally, Samlyn Capital LLC purchased a new stake in Resideo Technologies in the 3rd quarter worth approximately $36,931,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.
Resideo Technologies Company Profile
Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.
The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.
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