Core Insights - Resideo Technologies reported quarterly earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of $0.71 per share, and up from $0.58 per share a year ago [1] - The earnings surprise was +25.35%, with the company having surpassed consensus EPS estimates three times in the last four quarters [2] - The company posted revenues of $1.86 billion for the quarter, slightly missing the Zacks Consensus Estimate by 0.55%, but up from $1.83 billion year-over-year [3] Earnings Performance - The earnings surprise of +25.35% indicates strong performance relative to expectations [2] - Resideo Technologies has consistently outperformed EPS estimates, achieving this in three out of the last four quarters [2] Revenue Analysis - The reported revenue of $1.86 billion was a slight miss compared to the consensus estimate, but it still reflects growth from the previous year's revenue [3] - The company has also topped revenue estimates three times in the last four quarters, indicating a positive trend in revenue performance [3] Stock Performance - Resideo Technologies shares have increased approximately 79.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.1% [4] - The stock's future price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.77, with expected revenues of $1.92 billion, and for the current fiscal year, the estimate is $2.78 on $7.5 billion in revenues [8] - The favorable trend in estimate revisions prior to the earnings release has resulted in a Zacks Rank 1 (Strong Buy) for the stock, suggesting expected outperformance in the near future [7] Industry Context - Resideo Technologies operates within the Zacks Security and Safety Services industry, which is currently ranked in the top 16% of over 250 Zacks industries [9] - The performance of the stock may be influenced by the overall outlook for the industry, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]