Vivint Smart Home, Inc. (NYSE:VVNT) Expected to Post Earnings of -$0.51 Per Share


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Brokerages forecast that Vivint Smart Home, Inc. (NYSE:VVNT) will post ($0.51) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Vivint Smart Home’s earnings, with the lowest EPS estimate coming in at ($0.66) and the highest estimate coming in at ($0.42). The company is expected to issue its next earnings results on Friday, March 12th.

According to Zacks, analysts expect that Vivint Smart Home will report full-year earnings of ($2.48) per share for the current year, with EPS estimates ranging from ($2.63) to ($2.32). For the next financial year, analysts expect that the firm will post earnings of ($2.02) per share, with EPS estimates ranging from ($2.44) to ($1.57). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Vivint Smart Home.

Vivint Smart Home (NYSE:VVNT) last posted its earnings results on Wednesday, November 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.04). The company had revenue of $318.96 million during the quarter, compared to the consensus estimate of $318.96 million.

VVNT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Vivint Smart Home from $20.00 to $22.00 in a research note on Thursday, November 5th. Morgan Stanley raised their target price on Vivint Smart Home from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 16th. JPMorgan Chase & Co. lifted their price objective on Vivint Smart Home from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Finally, BidaskClub cut Vivint Smart Home from a “hold” rating to a “sell” rating in a research report on Wednesday, January 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Vivint Smart Home presently has an average rating of “Hold” and a consensus price target of $19.88.

Shares of NYSE VVNT traded down $0.66 during trading hours on Wednesday, hitting $23.96. The company’s stock had a trading volume of 194,031 shares, compared to its average volume of 342,686. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 171.14 and a beta of 0.41. Vivint Smart Home has a 12 month low of $8.51 and a 12 month high of $32.00. The business has a 50-day simple moving average of $21.92 and a 200-day simple moving average of $18.63.

Several institutional investors and hedge funds have recently modified their holdings of the company. Blackstone Group Inc boosted its position in shares of Vivint Smart Home by 8.9% in the 3rd quarter. Blackstone Group Inc now owns 117,366,254 shares of the company’s stock worth $2,004,616,000 after purchasing an additional 9,633,858 shares in the last quarter. Vanguard Group Inc. purchased a new position in Vivint Smart Home in the 2nd quarter worth approximately $46,897,000. State Street Corp raised its holdings in Vivint Smart Home by 0.5% in the 3rd quarter. State Street Corp now owns 1,252,362 shares of the company’s stock worth $21,390,000 after acquiring an additional 5,867 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Vivint Smart Home by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 335,995 shares of the company’s stock worth $5,739,000 after acquiring an additional 8,937 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in Vivint Smart Home in the 2nd quarter worth approximately $5,594,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

About Vivint Smart Home

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; Vivint Assist, an 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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