Security technology and services company ADT (NYSE: ADT) will be reporting earnings tomorrow before market hours. Here’s what you need to know.
ADT beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $1.26 billion, up 7.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EPS estimates.
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 grow 2.9% year on year to $1.24 billion, a reversal from the 5.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ADT has missed Wall Street’s revenue estimates five times over the last two years.
Looking at ADT’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nike’s revenues decreased 9.3% year on year, beating analysts’ expectations by 2.3%, and Monarch reported revenues up 3.1%, topping estimates by 2.1%. Nike traded down 5.4% following the results.
Read our full analysis of Nike’s results here and Monarch’s results here.
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