ADT Stock Drops, Q2 2021 Results

By Haris Khurshid, Published Aug 06, 2021, 10:19am EDT

ADT's stock price dropped 12% after reporting their second-quarter earnings, missing their EPS consensus estimate of $0.26, coming in at -$0.07.

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Inside this note, we examine the results, including revenue, loss, commercial business performance, and Google partnership outlook.

Revenue **** *** **** ***** **** ********

*** ***** ******* ******** 2% *** *** ** 2021, **** *** ******* reporting * *** **** of ~$*** *******, $** million ***** **** * 2021.

*** ********* ** **** investor's ************ *** ******, as **** ****** ***** shows:

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*** *** *** ********* *** ** **** investor ******* ** ****** ************ so *************.

Installation ******* *******

*******, *** *******'* **** was ********* ****** ** a **% ******** ** overall ************ *******. ************ revenue ** **** ******* 1/5 ** *** *******'* total *******, **** **** revenue ****** **** ********* services.

******** *** ***** ******** (CSB) ************ ******* ******** heavily, **** **% ***.

** *** ******** ****, commercial ************ ******* *** up **% ***.

Ownership ***** *******

*** **** *** ******* revenue ******* *** **** planned '********* ***** *******', as **** ********* ** the ********* ******:

****** ******** ****, *** Company ******** * *** revenue ***** ********** *** certain *********** *********, ***** (i) ******* *** ****** and ****** ** **** due ** ************, (**) introduced * **-***** ********** contract ******, *** (***) introduced * *** ****** installment ******** ****** **** allows ********** *********** ********* to ***** *** **** due ** ************ **** a **-, **-, ** 60-month ********-**** ******. *** to *** ************ ** the *******’* ******* *****-***** consumer ********* *******, *** Company **** ************ *** security ****** ********* ***** from * ************* *******-***** model ** * ************* customer-owned ***** (*** “********* Ownership ***** ******”)

*******, ** ** ***** not ***** **** ****** them ** ***** **** investor's ************ ***** **** news *** ********* **** than * **** ***.

**********

*** ********** ********** *** Installation ******** ********** **% and **% ***, ************, with *** ****** *******'* revenue ********** ~**% ** a ***** ***.

*******, **** ****** *** against *** ***** ******* of *** ******** *** ADT, ** ****,**** *** ********** *****'* revenue **********% ***.

**** ** **** ** Q2 ****, *** ********** group's ******* *** ********* 7% ** *****, ********* in *** ******** ******* and **** * ********** large ******** ** *** past ****.

*** ** ******** ****** share ***** *** ** are **** ******* ***** that. *** *******, *** CEO ***** ********* ***** commercial ***********:

** * ******'* ***** to *** ****** ********** win. **'* * *** of ********** ******** ****** a ****** ***** ******** of *********. *** ******** account ******** ** ***** exceptionally ****. ** **** just ** *********** **** in **** *****. *** I'd *** *** ******* is ******* *** ** market ***** *****.

*******, ***** *** ********** group *** **** ***** net *% ** *** past * *****, ** do *** ***** **** would ******* ******** ****** share ***** ***** ** estimate *** ***** ****** to **** ***** ** a ******* *** ****** the **** **** ******.

*** ******* ********* ******* plans ** *********** *** commercial ****** ****** *** making **** *********** **** the **** **-** ******, with *** *** ************** *** **** ****:

***** *** ****’* ******* position ** **********, ****, life ****** *** ******** services, **** *********** ************* boosted *** ********** ******** in ***** ** *** product *********, *** ********** reach *** *** ********** customer ******* ************.

Google *********** ** ******* ***** ****

***** *** *** ********** Google ** * ********* partner, **** *** ****** ************* **** ****** *** going, ***** **** ** no ******** ********* ****** this ****:

*****'* **** *****-***** **-********* today, *** ******* *********** this **** ** * result, ***** **** *** plan ** * ****** of ******.

*** ********* ** **** developments *** ***** **** Google ** *** ******* side:

**'** *** ******** ********** Google ******** **** ** the ***** *********, *** Max *** ******** **** WiFi. *** *******, **'** be ********* *** ****** Doorbell ** *** ********* of ******** **** ******** offerings *******, ********* * refreshed *** ****** ** early ****.

ADT ***** **********

***** ********* ** *** public ******* ** ****, ADT *** *** **** able ** ***** *** or ******** **** *** initial ****** *****, ** the ***** ***** *****:

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******* ** ****, *** factors *** *** ******* will ** *** **** the ****** *********** ***** and *** **** ****** share *** ********** ***** can ****.

Comments (8)

**** **** ** * pivotal **** *** ***. If *** ****** *********** advances ****** *** *** co ******* ******** *** successful ***** ***** ** a *** ** **** for ******. #*******

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Funny: 1

****** ** ******* * good **** ** *** from *** ******. ** believe **** *** *** seeing ** ******* ******* on * **** ********.

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Disagree: 1
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******’* ****** ** * better(sarcasm) *******. **** *** the *** ***** ****’** had **** **** **** over ******** *** **** it’s ** ****** **** dropped. ********* *** ******* wiser ***** *** ******** in ***** **** **** contracts *** *** ********* that ***** **** ********.

*** **** ** ******** giants(ripoff ******) **** *** day **** ** ** end.

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* ** *** ** accounting ************, ** ****** language.

*********.... **% ** *** revenue ** **** "************" contracts, *** ***/ ********* Monthly *******. **** ********* cancel, **** ***** ** projected ******* *** ** clawed ****. *** ******** unit ********* ** *** reported, **** ****** *********** "revenue *********". **** ********* is ********* ** ***** 15%, **** ****** **** industry ****. ** *** math, *** ***** ** impacted *** **** *****, considering *** ******** ** subscription ********* ***** ** jeopardy **** **** ** no **** ********, ***** is * ****** ********* for *********.

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*****'* *** **** ********* year **** ****, **** buy ******* **** **** to?

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*** *** * ****** to **** *** ****** when ********** *** *** purchased *** *** ****** began. ****** *** *** ADT ****** ********** *** Putting *** ** ****** management ** ******* *** a **** ****. ************* the ***** *** ******* won ***. * ****** to *** * *** fire ****** *********. ******'* get *** ***** ********* manager ** ****** ***** or *** * **** out ** **** * change *** ***** ** complete *** ***. ** took *** **** ****** being **** ** ******'* pay *** $*** ***** the *** *** ******** to *** *** ******, and ** ***** **** 3 ****** ** ******** calls **** *** ******** over ******** ********** ****** it *** ****. **, yes, *** ***** ******* got ********. **** ** ADT. ****** *** ******, I ***** ****** **** than * ****** **** calling ******** *******. *****, it **** ** ******* to *** *** ****** put ** **** *** a **** **** *************.

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**, ******** ****.

*** ***

****** *** ****** [**** it *** **** ***], I ***** ****** **** than * ****** **** calling ******** *******.

*** *** ************ ****** **** **

************* *** ***** *** culture *** ***.

** **** ** *** just *** *** ******* was ****, *** ***** the ******, **** ****** you ******* ** ** mgmt, ** ***** *******

**** ** ***.

** *** *** ** merger **** **** **** more **** *** **?

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** *** *** *** better ********** ****. *** not ***** ****** ***** office ***** ** ******** cellular ******* ** $*** per ****. *** ******* says **** **'* ****. i'm ******* *** ** soon ** ** ******* fire ****** ******** *******.

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