ADT (NYSE:ADT) First Quarter 2024 Results
Key Financial Results
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Revenue: US$1.21b (down 5.3% from 1Q 2023).
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Net income: US$91.5m (up from US$126.8m loss in 1Q 2023).
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Profit margin: 7.6% (up from net loss in 1Q 2023).
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EPS: US$0.10 (up from US$0.14 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ADT Earnings Insights
Looking ahead, revenue is forecast to grow 4.2% pa on average during the next 3 years, compared to an 11% growth forecast for the Consumer Services industry in the US.
Performance of the American Consumer Services industry.
The company’s shares are up 4.3% from a week ago.
Risk Analysis
We should say that we’ve discovered 3 warning signs for ADT (1 is significant!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take into account your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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