Brokerages Anticipate Vivint Smart Home, Inc. (NYSE:VVNT) Will Post Quarterly Sales of $380.73 Million

Wall Street analysts forecast that Vivint Smart Home, Inc. (NYSE:VVNT – Get Rating) will announce sales of $380.73 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vivint Smart Home’s earnings. The lowest sales estimate is $377.18 million and the highest is $384.28 million. Vivint Smart Home posted sales of $343.29 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Vivint Smart Home will report full year sales of $1.62 billion for the current fiscal year, with estimates ranging from $1.61 billion to $1.62 billion. For the next year, analysts anticipate that the business will report sales of $1.76 billion, with estimates ranging from $1.76 billion to $1.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Vivint Smart Home.

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

Several equities research analysts have recently weighed in on VVNT shares. Royal Bank of Canada cut Vivint Smart Home from an “outperform” rating to a “sector perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, January 6th. Zacks Investment Research upgraded Vivint Smart Home from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Thursday, March 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $15.08.

Shares of VVNT opened at $5.35 on Thursday. The business’s 50-day moving average price is $6.69 and its 200-day moving average price is $8.23. Vivint Smart Home has a twelve month low of $5.11 and a twelve month high of $16.20. The stock has a market cap of $1.12 billion, a PE ratio of -3.11 and a beta of 0.73.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its stake in shares of Vivint Smart Home by 105.1% during the fourth quarter. Millennium Management LLC now owns 874,563 shares of the company’s stock valued at $8,553,000 after purchasing an additional 448,222 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Vivint Smart Home by 51.3% during the fourth quarter. 1832 Asset Management L.P. now owns 1,301,282 shares of the company’s stock valued at $12,899,000 after purchasing an additional 441,073 shares during the period. Bleichroeder LP purchased a new stake in shares of Vivint Smart Home during the third quarter valued at approximately $3,583,000. Panagora Asset Management Inc. purchased a new stake in shares of Vivint Smart Home during the fourth quarter valued at approximately $3,208,000. Finally, Alden Global Capital LLC purchased a new stake in Vivint Smart Home in the fourth quarter worth $2,855,000. Institutional investors and hedge funds own 79.53% of the company’s stock.

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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