Security technology and services company ADT (NYSE:ADT) will be reporting earnings tomorrow before market hours. Here’s what to look for.
ADT met analysts’ revenue expectations last quarter, reporting revenues of $1.20 billion, up 3.1% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ earnings estimates but a miss of analysts’ EBITDA estimates. It reported 6.4 million active clients, down 3.9% year on year.
Is ADT a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting ADT’s revenue to decline 1.1% year on year to $1.22 billion, improving from the 4.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at ADT’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike’s revenues decreased 10.4% year on year, meeting analysts’ expectations, and Scholastic reported revenues up 3.8%, topping estimates by 1.6%. Nike traded down 6.8% following the results while Scholastic was up 6%.
Read our full analysis of Nike’s results here and Scholastic’s results here.
Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. ADT is down 4.1% during the same time and is heading into earnings with an average analyst price target of $9.03 (compared to the current share price of $6.95).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。