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Resideo Technologies, Inc. (REZI) provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally.
The company operates in two segments, Products & Solutions, and ADI Global Distribution.
It offers home products, services, and technologies, including temperature and humidity control, water, air, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.
The company also provides security solutions comprising security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software products.
Resideo Technologies, Inc. markets its products under the Honeywell Home brand. In addition, the company distributes security products comprising video surveillance products, intrusion, and access control products; and other products that include fire and life safety, as well as wire, networking, and professional audiovisual systems to contractors that service non-residential and residential end-users.
It sells its products through a network of distributors, original equipment manufacturers, and service providers, as well as retail and online channels. Shares have formed bullish "flag" following it's latest earnings report. Shares typically move higher from this formation.
On November 5th, Resideo reported 3rd Quarter September 2020 earnings of $0.60 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.08 per share on revenue of $1.1 billion. Revenue grew 11.1% on a year-over-year basis.
The company said it expects fourth quarter revenue of $1.36 billion to $1.41 billion. The current consensus revenue estimate is $1.27 billion for the quarter ending December 31, 2020.
Entry Point: $19.00
Trading Range: $3.72 - $19.95
Stop Loss: $18.05
Target Price: $20.90
REZI closed at $20.20
