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Honeywell International Inc. (HON) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Honeywell International Inc. (HON - Free Report) closed at $177.64, marking a -0.91% move from the previous day. This move lagged the S&P 500's daily loss of 0.8%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Prior to today's trading, shares of the company had gained 2.86% over the past month. This has outpaced the Conglomerates sector's loss of 3.24% and the S&P 500's loss of 5.13% in that time.
Wall Street will be looking for positivity from Honeywell International Inc. as it approaches its next earnings report date. This is expected to be October 27, 2022. In that report, analysts expect Honeywell International Inc. to post earnings of $2.16 per share. This would mark year-over-year growth of 6.93%. Meanwhile, our latest consensus estimate is calling for revenue of $9.06 billion, up 6.92% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.68 per share and revenue of $35.77 billion, which would represent changes of +7.69% and +4%, respectively, from the prior year.
Any recent changes to analyst estimates for Honeywell International Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Honeywell International Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Honeywell International Inc. currently has a Forward P/E ratio of 20.67. This valuation marks a premium compared to its industry's average Forward P/E of 15.24.
We can also see that HON currently has a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Diversified Operations industry currently had an average PEG ratio of 1.69 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Honeywell International Inc. (HON) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Honeywell International Inc. (HON - Free Report) closed at $177.64, marking a -0.91% move from the previous day. This move lagged the S&P 500's daily loss of 0.8%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Prior to today's trading, shares of the company had gained 2.86% over the past month. This has outpaced the Conglomerates sector's loss of 3.24% and the S&P 500's loss of 5.13% in that time.
Wall Street will be looking for positivity from Honeywell International Inc. as it approaches its next earnings report date. This is expected to be October 27, 2022. In that report, analysts expect Honeywell International Inc. to post earnings of $2.16 per share. This would mark year-over-year growth of 6.93%. Meanwhile, our latest consensus estimate is calling for revenue of $9.06 billion, up 6.92% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.68 per share and revenue of $35.77 billion, which would represent changes of +7.69% and +4%, respectively, from the prior year.
Any recent changes to analyst estimates for Honeywell International Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Honeywell International Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Honeywell International Inc. currently has a Forward P/E ratio of 20.67. This valuation marks a premium compared to its industry's average Forward P/E of 15.24.
We can also see that HON currently has a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Diversified Operations industry currently had an average PEG ratio of 1.69 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.