ADT (ADT) is seen reporting Q2 results in line with expectations and maintaining its outlook for 2025, RBC Capital Markets said in an earnings preview Friday.

Ahead of the release of ADT's results on July 24, the firm said it expects the company's revenue to increase 6.1% year over year to about $1.23 billion, roughly in line with the $1.28 billion consensus.

RBC said the company expects its Q2 revenue to rise slightly on a linked-quarter basis due to installation revenue, "customer interest in more comprehensive systems and efforts to sell on value."

The firm said it expects ADT to keep its 2025 guidance, including adjusted earnings per share of $0.77 to $0.85 on revenue of about $5.03 billion to $5.23 billion, noting that the company should benefit from a rising percentage of new customers choosing the ADT+ platform.

RBC maintained the company's sector perform rating and $9 price target.

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