Resideo Technologies (NYSE:REZI – Get Free Report) updated its first quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.580-0.620 for the period, compared to the consensus EPS estimate of 0.540. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $720.0 million. Resideo Technologies also updated its FY 2026 guidance to 3.000-3.200 EPS.
Analysts Set New Price Targets
A number of brokerages have recently commented on REZI. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Zacks Research downgraded Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.67.
Read Our Latest Stock Analysis on REZI
Resideo Technologies Stock Up 3.6%
Resideo Technologies (NYSE:REZI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q1 2026 guidance at 0.580-0.620 EPS. On average, analysts predict that Resideo Technologies will post 2.13 earnings per share for the current year.
Hedge Funds Weigh In On Resideo Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its holdings in shares of Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after acquiring an additional 420 shares during the last quarter. McMillan Office Inc. acquired a new stake in shares of Resideo Technologies during the 4th quarter worth $33,000. Headlands Technologies LLC purchased a new position in shares of Resideo Technologies in the 2nd quarter worth about $34,000. Kestra Advisory Services LLC purchased a new position in Resideo Technologies in the fourth quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Resideo Technologies during the 4th quarter valued at $39,000. Institutional investors and hedge funds 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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