Core Insights - Resideo Technologies reported quarterly earnings of $0.66 per share, exceeding the Zacks Consensus Estimate of $0.54 per share, and showing an increase from $0.62 per share a year ago [1] - The company achieved a revenue of $1.94 billion for the quarter, surpassing the Zacks Consensus Estimate by 6.43% and up from $1.59 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +22.22%, with a previous quarter surprise of +110% when actual earnings were $0.63 compared to an expected $0.30 [2] - Over the last four quarters, Resideo has exceeded consensus EPS estimates three times [2] Stock Performance - Resideo Technologies shares have increased approximately 11.8% year-to-date, outperforming the S&P 500's gain of 7.6% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $1.88 billion, and for the current fiscal year, it is $2.40 on revenues of $7.39 billion [8] - The industry outlook is favorable, with the Security and Safety Services sector currently ranking in the top 30% of over 250 Zacks industries [9] Competitor Insights - Alarm.com Holdings, a competitor in the same industry, is expected to report quarterly earnings of $0.52 per share, reflecting a year-over-year decline of -10.3% [10] - Alarm.com Holdings' anticipated revenues are $244.54 million, representing a 4.6% increase from the previous year [11]

Core Viewpoint - Resideo Technologies reported strong quarterly earnings, significantly exceeding expectations, which may influence future stock performance and investor sentiment [1][2][3]. Financial Performance - The company achieved earnings of $0.63 per share, surpassing the Zacks Consensus Estimate of $0.30 per share, and up from $0.47 per share a year ago, representing an earnings surprise of 110% [1]. - Resideo posted revenues of $1.77 billion for the quarter, exceeding the Zacks Consensus Estimate by 2.44%, and up from $1.49 billion year-over-year [2]. - Over the last four quarters, Resideo has surpassed consensus EPS estimates three times and topped revenue estimates four times [2]. Stock Performance and Outlook - Resideo shares have declined approximately 23.6% since the beginning of the year, compared to a 3.9% decline in the S&P 500 [3]. - The company's current consensus EPS estimate for the upcoming quarter is $0.53 on revenues of $1.77 billion, and for the current fiscal year, it is $2.01 on revenues of $7.35 billion [7]. Industry Context - The Security and Safety Services industry, to which Resideo belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [8]. - The performance of Resideo's stock may be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8].

Earnings Performance - Allegion reported quarterly earnings of $1.86 per share, exceeding the Zacks Consensus Estimate of $1.68 per share, and up from $1.55 per share a year ago, representing an earnings surprise of 10.71% [1] - The company posted revenues of $941.9 million for the quarter, surpassing the Zacks Consensus Estimate by 1.11%, and an increase from $893.9 million year-over-year [2] Market Comparison - Allegion shares have declined approximately 3.2% since the beginning of the year, while the S&P 500 has seen a decline of 8.6% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2 on revenues of $990.15 million, and for the current fiscal year, it is $7.69 on revenues of $3.86 billion [7] - The Zacks Industry Rank indicates that the Security and Safety Services sector is in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] Estimate Revisions - The estimate revisions trend for Allegion is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]