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Honeywell International Inc. (HON) Dips More Than Broader Markets: What You Should Know
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Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $212.19, moving -1.26% from the previous trading session. This change lagged the S&P 500's 1.2% loss on the day. At the same time, the Dow lost 1.1%, and the tech-heavy Nasdaq lost 2.86%.
Coming into today, shares of the company had lost 0.84% in the past month. In that same time, the Conglomerates sector lost 3.7%, while the S&P 500 lost 4.77%.
Wall Street will be looking for positivity from Honeywell International Inc. as it approaches its next earnings report date. In that report, analysts expect Honeywell International Inc. to post earnings of $2.50 per share. This would mark year-over-year growth of 19.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.25 billion, up 6.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.74 per share and revenue of $35.49 billion, which would represent changes of +8.44% and +3.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Honeywell International Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Honeywell International Inc. has a Forward P/E ratio of 24.59 right now. This represents a premium compared to its industry's average Forward P/E of 14.47.
Also, we should mention that HON has a PEG ratio of 2.88. 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 was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Honeywell International Inc. (HON) Dips More Than Broader Markets: What You Should Know
Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $212.19, moving -1.26% from the previous trading session. This change lagged the S&P 500's 1.2% loss on the day. At the same time, the Dow lost 1.1%, and the tech-heavy Nasdaq lost 2.86%.
Coming into today, shares of the company had lost 0.84% in the past month. In that same time, the Conglomerates sector lost 3.7%, while the S&P 500 lost 4.77%.
Wall Street will be looking for positivity from Honeywell International Inc. as it approaches its next earnings report date. In that report, analysts expect Honeywell International Inc. to post earnings of $2.50 per share. This would mark year-over-year growth of 19.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.25 billion, up 6.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.74 per share and revenue of $35.49 billion, which would represent changes of +8.44% and +3.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Honeywell International Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Honeywell International Inc. has a Forward P/E ratio of 24.59 right now. This represents a premium compared to its industry's average Forward P/E of 14.47.
Also, we should mention that HON has a PEG ratio of 2.88. 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 was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.