Zacks: Brokerages Anticipate Vivint Smart Home, Inc. (NYSE:VVNT) Will Post Earnings of -$0.33 Per Share – Defense World
Equities research analysts expect Vivint Smart Home, Inc. (NYSE:VVNT – Get Rating) to report earnings of ($0.33) per share for the current quarter, according to Zacks. Two analysts have made estimates for Vivint Smart Home’s earnings, with the lowest EPS estimate coming in at ($0.33) and the highest estimate coming in at ($0.32). Vivint Smart Home posted earnings per share of ($0.38) during the same quarter last year, which indicates a positive year-over-year growth rate of 13.2%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Vivint Smart Home will report full-year earnings of ($1.00) per share for the current year, with EPS estimates ranging from ($1.09) to ($0.90). For the next financial year, analysts expect that the company will report earnings of ($0.81) per share, with EPS estimates ranging from ($0.84) to ($0.77). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Vivint Smart Home.
Vivint Smart Home (NYSE:VVNT – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.18. The business had revenue of $392.75 million for the quarter, compared to analyst estimates of $380.73 million.
Separately, Zacks Investment Research raised shares of Vivint Smart Home from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Saturday, May 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.00.
Shares of NYSE VVNT opened at $5.92 on Tuesday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -4.59 and a beta of 0.84. Vivint Smart Home has a twelve month low of $5.10 and a twelve month high of $16.20. The company’s fifty day moving average is $5.97 and its 200-day moving average is $7.55.
A number of large investors have recently modified their holdings of the stock. Invesco Ltd. grew its holdings in Vivint Smart Home by 29.1% in the second quarter. Invesco Ltd. now owns 29,651 shares of the company’s stock worth $392,000 after purchasing an additional 6,679 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Vivint Smart Home by 47.4% during the third quarter. Goldman Sachs Group Inc. now owns 63,413 shares of the company’s stock valued at $600,000 after purchasing an additional 20,406 shares in the last quarter. US Bancorp DE raised its position in Vivint Smart Home by 144.1% in the third quarter. US Bancorp DE now owns 3,361 shares of the company’s stock worth $31,000 after acquiring an additional 1,984 shares during the period. Vident Investment Advisory LLC bought a new stake in Vivint Smart Home in the third quarter worth about $164,000. Finally, Credit Suisse AG raised its position in Vivint Smart Home by 19.3% in the third quarter. Credit Suisse AG now owns 40,488 shares of the company’s stock worth $383,000 after acquiring an additional 6,537 shares during the period.
Vivint Smart Home Company Profile (Get Rating)
Vivint Smart Home, Inc, together with its subsidiaries, engages in the sale, installation, servicing, and monitoring of smart home and security systems primarily in the United States and Canada. The company’s smart home platform includes cloud-enabled smart home operating systems; AI-driven smart home automation and assistance software; software-enabled smart home devices; and tech-enabled services to educate, manage, and support the smart home.