Equities analysts predict that Vivint Smart Home, Inc. (NYSE:VVNT – Get Rating) will post sales of $392.37 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vivint Smart Home’s earnings. The highest sales estimate is $398.49 million and the lowest is $386.26 million. Vivint Smart Home posted sales of $355.23 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Vivint Smart Home will report full year sales of $1.62 billion for the current year, with estimates ranging from $1.61 billion to $1.63 billion. For the next year, analysts anticipate that the company will post sales of $1.77 billion, with estimates ranging from $1.75 billion to $1.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Vivint Smart Home.
Vivint Smart Home (NYSE:VVNT – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.18. The business had revenue of $392.75 million during the quarter, compared to analyst estimates of $380.73 million.
Shares of NYSE:VVNT opened at $5.82 on Thursday. The business’s 50-day moving average is $5.89 and its 200-day moving average is $7.50. Vivint Smart Home has a 1 year low of $5.10 and a 1 year high of $16.20. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -4.51 and a beta of 0.84.
A number of hedge funds have recently bought and sold shares of VVNT. US Bancorp DE increased its holdings in Vivint Smart Home by 144.1% during the 3rd quarter. US Bancorp DE now owns 3,361 shares of the company’s stock worth $31,000 after purchasing an additional 1,984 shares in the last quarter. Solidarilty Wealth LLC bought a new stake in Vivint Smart Home during the 1st quarter worth approximately $64,000. Captrust Financial Advisors increased its holdings in Vivint Smart Home by 27.7% during the 3rd 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. Prelude Capital Management LLC bought a new stake in Vivint Smart Home during the 1st quarter worth approximately $70,000. Finally, Kestra Advisory Services LLC bought a new stake in Vivint Smart Home during the 1st quarter worth approximately $86,000.
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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