Resideo Technologies (NYSE:REZI – Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.710-0.750 for the period, compared to the consensus estimate of 0.820. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $2.0 billion. Resideo Technologies also updated its FY 2026 guidance to 3.000-3.200 EPS.
Wall Street Analysts Forecast Growth
REZI has been the topic of several research reports. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Morgan Stanley upped their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.67.
Get Our Latest Analysis on REZI
Resideo Technologies Price Performance
Resideo Technologies (NYSE:REZI – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 15.15% and a negative net margin of 7.27%.The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. 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. Research analysts expect that Resideo Technologies will post 2.81 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of REZI. Corient Private Wealth LLC increased its holdings in Resideo Technologies by 85.8% in the fourth quarter. Corient Private Wealth LLC now owns 32,802 shares of the company’s stock valued at $1,144,000 after purchasing an additional 15,149 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Resideo Technologies by 35.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,559 shares of the company’s stock valued at $265,000 after purchasing an additional 1,975 shares during the period. Vident Advisory LLC increased its holdings in Resideo Technologies by 17.3% in the fourth quarter. Vident Advisory LLC now owns 7,228 shares of the company’s stock valued at $254,000 after purchasing an additional 1,068 shares during the period. EP Wealth Advisors LLC acquired a new stake in Resideo Technologies in the fourth quarter valued at $526,000. Finally, Empowered Funds LLC acquired a new stake in Resideo Technologies in the fourth quarter valued at $152,000. 91.71% of the stock is currently owned by institutional investors.
About Resideo Technologies
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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