ADT Misses on Q3 Earnings Estimates - Tale of the Tape
With a wide array of products to cater to a broad spectrum of customer needs, The ADT Corporation (ADT) is easily one of the premier companies in the security services industry. The Boca Raton, FL-based firm has some of the most respected, trusted and well-known brands in the interactive home and business automation and monitoring services for residences and small businesses in the U.S. and Canada.
However, ADT faces significant pricing pressure and competition as the security alarm industry is highly fragmented due to low barriers to entry. With rising operating costs and high R&D expenditures gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report.
Currently, ADT has a Zacks Rank #4 (Sell), but that could definitely change following the company’s earnings report, which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ADT missed on earnings. The Zacks Consensus Estimate called for EPS of 50 cents, and the company reported adjusted EPS (before special items) of 49 cents.
Revenue: Total revenue exceeded. ADT posted total revenue of $898 million, compared with Zacks Consensus Estimate of $896 million.
Key Stats to Note: ADT is continuously investing to capitalize on growth opportunities by launching new products and services, building capabilities to participate in new market segments and aims to form new partnerships.
Stock Price: Shares remained flat in pre-market trading following the release at the time of this write-up.
Check back our full write up on this ADT earnings report later!
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