Vivint Smart Home, Inc. (NYSE:VVNT) Expected to Post Earnings of -$0.33 Per Share

Wall Street analysts expect that Vivint Smart Home, Inc. (NYSE:VVNTGet Rating) will report ($0.33) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided 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) in the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The company 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 fiscal year, analysts anticipate that the company will post 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 research analysts that cover Vivint Smart Home.

Vivint Smart Home (NYSE:VVNTGet Rating) last posted its earnings results on Tuesday, March 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.11. The business had revenue of $396.21 million for the quarter, compared to analyst estimates of $362.46 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 objective for the company in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $14.83.

A number of institutional investors and hedge funds have recently made changes to their positions in VVNT. Invesco Ltd. lifted its stake in Vivint Smart Home by 29.1% during 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 last quarter. SG Americas Securities LLC bought a new position in Vivint Smart Home during the third quarter worth $526,000. Swiss National Bank lifted its stake in Vivint Smart Home by 3.1% during the third quarter. Swiss National Bank now owns 138,400 shares of the company’s stock worth $1,308,000 after purchasing an additional 4,100 shares during the last quarter. IndexIQ Advisors LLC lifted its stake in Vivint Smart Home by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 31,397 shares of the company’s stock worth $297,000 after purchasing an additional 3,145 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Vivint Smart Home by 47.4% during the third quarter. Goldman Sachs Group Inc. now owns 63,413 shares of the company’s stock worth $600,000 after purchasing an additional 20,406 shares during the last quarter.

VVNT opened at $6.25 on Tuesday. Vivint Smart Home has a 1 year low of $5.10 and a 1 year high of $16.20. The business’s 50 day simple moving average is $6.34. The firm has a market cap of $1.30 billion, a P/E ratio of -4.84 and a beta of 0.84.

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.

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