ADT (ADT) Reports Earnings Tomorrow: What To Expect

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ADT (ADT) Reports Earnings Tomorrow: What To Expect

Security technology and services company ADT (NYSE:ADT) will be reporting results tomorrow before market open. Here's what you need to know.

ADT met analysts' revenue expectations last quarter, reporting revenues of $1.21 billion, down 5.3% year on year. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates.

Is ADT a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting ADT's revenue to decline 24.1% year on year to $1.21 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.

ADT Total Revenue
ADT Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at ADT's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Pool's revenues decreased 4.7% year on year, beating analysts' expectations by 1.5%, and LKQ reported revenues up 7.6%, falling short of estimates by 4%. Pool traded up 14% following the results while LKQ was down 9.6%.

Read our full analysis of Pool's results here and LKQ's results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.8% on average over the last month. ADT is up 4.7% during the same time and is heading into earnings with an average analyst price target of $9.5 (compared to the current share price of $7.73).

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