Company Overview - Resideo Technologies, Inc. is a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets [4] - The company specializes in home heating, ventilation, and air conditioning controls, smoke and carbon monoxide detection, home safety, fire suppression products, and security markets [4] - Resideo's solutions and services are utilized in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually [4] Upcoming Financial Results - Resideo will release its fourth quarter and full year 2024 financial results after the close of the New York Stock Exchange on February 20, 2025 [1] - A conference call and simultaneous webcast to discuss the results will take place on February 20, 2025, at 5:00 p.m. ET [1] Accessing the Conference Call - Interested parties can listen to the webcast by visiting the Investor Relations section of Resideo's website, where related materials will be posted before the call [2] - A replay of the webcast will be available following the presentation [2] - The conference call can also be accessed by dialing 888-660-6357 (U.S., toll-free) or 1-929-201-6127 (international) using the conference title "Resideo Fourth Quarter and Full Year 2024 Earnings" or the conference ID: 7301399 [3]

Core Viewpoint - Resideo Technologies (REZI) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3][11] Earnings Estimates and Revisions - The Zacks Consensus Estimate for Resideo Technologies projects earnings of $2.29 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 44.9% [8] - Over the past three months, analysts have raised their earnings estimates for Resideo Technologies by 2.6% [8] Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7] - The upgrade to Zacks Rank 1 places Resideo Technologies in the top 5% of Zacks-covered stocks, suggesting potential for higher stock prices in the near term [11][10] Market Influence - Changes in earnings estimates are strongly correlated with stock price movements, particularly due to the actions of institutional investors who adjust their valuations based on these estimates [4][6] - Rising earnings estimates and the corresponding rating upgrade indicate an improvement in Resideo Technologies' underlying business, which could lead to increased investor interest and stock price appreciation [5][6]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Investing in bargain stocks with recent price momentum may be a safer approach [2] Group 2: Resideo Technologies (REZI) Analysis - Resideo Technologies (REZI) has shown significant price momentum, with a four-week price change of 35% [3] - Over the past 12 weeks, REZI's stock gained 35%, indicating strong long-term momentum [4] - REZI has a beta of 2.09, suggesting it moves 109% higher than the market in either direction [4] - The stock has a Momentum Score of B, indicating a favorable entry point for investors [5] - REZI has a Zacks Rank 1 (Strong Buy) due to upward trends in earnings estimate revisions [6] - The stock is trading at a Price-to-Sales ratio of 0.62, indicating it is reasonably valued [6] Group 3: Additional Investment Opportunities - Besides REZI, there are other stocks that meet the criteria of fast-paced momentum at a bargain [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [8]

Core Viewpoint - Resideo Technologies, Inc. (REZI) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a key level of support has been reached [1] Technical Analysis - REZI's 50-day simple moving average has crossed above its 200-day simple moving average, a pattern known as a "golden cross," which is typically associated with bullish market sentiment [1] - A successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer moving average, and the stock maintaining upward momentum [2] Performance Metrics - Over the past four weeks, REZI has experienced a gain of 26.5%, indicating strong performance [3] - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [3] Earnings Outlook - The positive earnings outlook for the current quarter strengthens the bullish case for REZI, with no earnings estimates having declined in the past two months and one revision higher [3][4] - The Zacks Consensus Estimate has also seen an increase, further supporting the positive sentiment around the stock [4] Investment Consideration - Given the significant technical indicators and the positive movement in earnings estimates, investors are encouraged to consider adding REZI to their watchlist [4]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Resideo Technologies (REZI) as a strong candidate for value investors due to its favorable valuation metrics [2][4][7] Valuation Metrics - Resideo Technologies has a Zacks Rank of 1 (Strong Buy) and an A for Value, indicating it is a high-quality value stock [4][3] - The current P/E ratio for REZI is 10.21, significantly lower than the industry average of 29.99, suggesting it is undervalued [4] - The P/S ratio for REZI stands at 0.6, compared to the industry average of 1.71, further indicating undervaluation [5] - REZI's P/CF ratio is 12.71, which is attractive relative to the industry's average of 20.31, reinforcing the notion of being undervalued [6] Earnings Outlook - The strength of REZI's earnings outlook, combined with its favorable valuation metrics, positions it as a compelling value stock at the moment [7]

Core Viewpoint - Resideo Technologies (REZI) has experienced significant stock performance, with a 26.5% increase over the past month and a 38.8% rise since the beginning of the year, outperforming both the Zacks Industrial Products sector and the Zacks Security and Safety Services industry [1][3]. Financial Performance - Resideo Technologies reported earnings per share (EPS) of $0.58 in its last earnings report, exceeding the consensus estimate of $0.57 [2]. - For the current fiscal year, the company is projected to achieve earnings of $2.29 per share on revenues of $6.74 billion, reflecting a 44.94% increase in EPS and an 8% increase in revenues [3]. - The next fiscal year forecasts earnings of $2.61 per share on revenues of $7.35 billion, indicating year-over-year changes of 13.76% in EPS and 9.03% in revenues [3]. Valuation Metrics - Resideo Technologies has a Value Score of A, while its Growth and Momentum Scores are D and C, respectively, resulting in a VGM Score of B [6]. - The stock trades at 11.4 times the current fiscal year EPS estimates, significantly lower than the peer industry average of 22 times [7]. - On a trailing cash flow basis, the stock trades at 11.5 times compared to the peer group's average of 15.5 times, suggesting it is not among the top value stocks [7]. Zacks Rank - Resideo Technologies holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, making it a favorable choice for investors [8]. - The recommendation is to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, which Resideo Technologies meets [8]. Industry Comparison - Alarm.com Holdings, Inc. (ALRM) is a notable peer with a Zacks Rank of 1 (Strong Buy) and a Value Score of C, a Growth Score of B, and a Momentum Score of B [9]. - Alarm.com reported a 26.53% earnings surprise last quarter and is expected to post earnings of $2.27 per share on revenues of $934.97 million for the current fiscal year [10]. - The Security and Safety Services industry is performing well, ranking in the top 29% of all industries, indicating positive conditions for both REZI and ALRM [11].

SCOTTSDALE, Ariz., Nov. 13, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced that it is scheduled to participate at the following investor conferences.NYSE Industrials Conference (Virtual) on Tuesday, November 19, 2024.Wells Fargo TMT Summit in Rancho Palos Verdes, CA on Tues ...

Financial Data and Key Metrics Changes - Total company reported revenue for Q3 2024 was $1.83 billion, up 18% year-over-year and up 4% on an organic basis [27] - Adjusted EBITDA was $190 million, up 29% compared to $147 million in Q3 2023 [27] - Fully diluted adjusted earnings per share was $0.58 compared to $0.55 in the prior year [27] - Total company gross margin expanded by almost 200 basis points year-over-year [8] Business Line Data and Key Metrics Changes - Products and Solutions revenue for Q3 was $645 million, up 4% organically and down 1% on a reported basis [28] - ADI reported revenue of $1.18 billion, with organic revenue growth of 4% [31] - Products and Solutions gross margin was 42.2%, up 350 basis points year-over-year [14] - ADI's adjusted EBITDA was $92 million, up 33% compared to Q3 last year [32] Market Data and Key Metrics Changes - Both Products and Solutions and ADI generated mid-single-digit year-over-year organic revenue growth [6] - Sales of First Alert safety products recorded a fourth consecutive quarter of double-digit revenue growth [12] - ADI e-commerce sales grew 18% year-over-year [21] Company Strategy and Development Direction - The integration of Snap One into ADI is progressing well, targeting $75 million of annual run rate synergies exiting 2026 [9] - The company is focused on introducing a regular cadence of new products to drive future innovation [9] - The company plans to continue executing against its business strategy to ensure momentum for the next leader [39] Management's Comments on Operating Environment and Future Outlook - Management noted a mixed global macro backdrop with positive indicators like improving interest rates and new home sales, but also headwinds such as softness in existing home sales in the U.S. and weakness in the EMEA market [7] - The company expects total company net revenue for Q4 2024 to be in the range of $1.815 billion to $1.855 billion [34] - Management expressed confidence in the company's future growth and profitability [39] Other Important Information - The CEO announced intentions to retire in 2025, planning to remain as a senior adviser for a smooth transition [37] - The company achieved strong cash flow generation with Q3 cash from operations at $147 million, a 145% increase year-over-year [33] Q&A Session Summary Question: Leadership Transition - Inquiry about the qualities needed in the next leader for Resideo and the company's current position for future growth [41] Response: Leadership Transition - Management emphasized the importance of continuing the company's momentum and focusing on growth and profitability [42][43] Question: ADI Performance - Questions regarding the strong performance of ADI, including sales growth and margin challenges [44] Response: ADI Performance - Management explained that growth was driven by large national accounts and investments in e-commerce, but competitive pricing pressures affected margins [45][46] Question: SG&A and OpEx - Inquiry about higher-than-expected SG&A expenses and future OpEx targets [50] Response: SG&A and OpEx - Management acknowledged unusual one-time expenses but expected SG&A to return to normal levels [51] Question: Future Margins - Questions about gross margin expectations for 2025 [52] Response: Future Margins - Management remained positive about future gross margin opportunities, particularly with new product introductions [52]

Resideo Technologies (REZI) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.75%. A quarter ago, it was expected that this residential comfort and security systems maker would post earnings of $0.50 per share when it actually produced earnings of $0.62, delivering a surprise of 24%.O ...

1 Resideo Announces Third Quarter 2024 Financial Results • Net revenue growth of 18% year-over-year; mid-single-digit organic revenue growth at both ADI and Products and Solutions • Products and Solutions gross margin of 42.2%, sixth consecutive quarter of year-over-year improvement • Net income available to common stockholders of $11 million; adjusted EBITDA of $190 million, above the high end of outlook range • Strong demand for the refreshed Honeywell Home Focus Pro™ thermostat portfolio, first in a cade ...