|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||13.59 - 14.31|
|52 Week Range||3.72 - 16.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.33|
Shares of Resideo Technologies (NYSE: REZI), the Austin, Texas-based maker of temperature and humidity control, water, air, and software solutions products, look likely to close as much as 12.5% higher as we enter the final quarter hour of stock trading on Tuesday. Earlier today, Resideo reported its financial results for Q2 2020, showing sales very close to the $1.02 billion that Wall Street had forecast for it, and pro forma earnings more than four times estimates -- at $0.17 per share. While close to estimates, the $1 billion in sales that Resideo reported were still down 17% from Q2 2019 levels.
Resideo Technologies (REZI) delivered earnings and revenue surprises of 325.00% and 1.65%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...