Zacks: Analysts Anticipate Vivint Smart Home, Inc. (NYSE:VVNT) Will Post Earnings of -$0.31 Per Share

Equities research analysts predict that Vivint Smart Home, Inc. (NYSE:VVNT – Get Rating) will post earnings of ($0.31) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vivint Smart Home’s earnings. The highest EPS estimate is ($0.30) and the lowest is ($0.32). Vivint Smart Home reported earnings per share of ($0.56) in the same quarter last year, which would suggest a positive year-over-year growth rate of 44.6%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Vivint Smart Home will report full year earnings of ($1.10) per share for the current financial year, with EPS estimates ranging from ($1.13) to ($1.07). For the next financial year, analysts anticipate that the company will report earnings of ($0.88) per share, with EPS estimates ranging from ($0.88) to ($0.87). Zacks’ EPS calculations are an average based on a survey of analysts that follow Vivint Smart Home.

Vivint Smart Home (NYSE:VVNT – Get Rating) last released its quarterly earnings data on Tuesday, March 1st. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.11. The company had revenue of $396.21 million for the quarter, compared to analysts’ expectations of $362.46 million.

A number of brokerages recently commented on VVNT. Zacks Investment Research raised Vivint Smart Home from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Thursday, March 3rd. Royal Bank of Canada lowered Vivint Smart Home from an “outperform” rating to a “sector perform” rating and set a $11.00 price target for the company. in a research note on Thursday, January 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $15.08.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors raised its holdings in Vivint Smart Home by 27.7% in the third quarter. Captrust Financial Advisors now owns 7,246 shares of the company’s stock worth $68,000 after purchasing an additional 1,570 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Vivint Smart Home by 6.5% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,194 shares of the company’s stock valued at $286,000 after acquiring an additional 1,777 shares in the last quarter. US Bancorp DE increased its holdings in shares of Vivint Smart Home by 144.1% during the third quarter. US Bancorp DE now owns 3,361 shares of the company’s stock valued at $31,000 after acquiring an additional 1,984 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Vivint Smart Home by 2.1% during the fourth quarter. California State Teachers Retirement System now owns 102,606 shares of the company’s stock valued at $1,003,000 after acquiring an additional 2,107 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its holdings in shares of Vivint Smart Home by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 31,397 shares of the company’s stock valued at $297,000 after acquiring an additional 3,145 shares in the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.

Shares of NYSE:VVNT traded up $0.34 during trading on Tuesday, reaching $5.57. 478,945 shares of the company traded hands, compared to its average volume of 493,475. The firm’s fifty day simple moving average is $6.73. Vivint Smart Home has a 52-week low of $5.11 and a 52-week high of $16.20. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.24 and a beta of 0.73.

About Vivint Smart Home (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.

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