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Honeywell (HON) Q4: Earnings in-Line, Revenues Miss
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Global diversified technology and manufacturing firm Honeywell International Inc. (HON - Free Report) has a balanced mix of long and short-cycle businesses. With a flexible yet disciplined focus on cost and productivity, HON remains focused on increasing its presence in high-growth regions.
However, despite HON's proactive restructuring initiatives, it is yet to witness signs of stabilization in a number of its major end markets. As the extent of competition is increasing over time, investors have been eagerly waiting for the company's latest earnings report. In the last four trailing quarters, HON has reported a positive average earnings surprise of 1.74%, beating the earnings estimates thrice.
Revenue: Revenues Miss. HON posted revenues of $9,985 million, lower than the Zacks Consensus Estimate of $10,152 million.
Key Stats to Note: HON aims to improve top-line growth and enhance its overall decision-making speed, by realigning its business segments and funded more than $250 million in internal restructuring projects. In addition, for 2017 the company plans on returning nearly $4.5 billion to its shareowners through dividends and share repurchases.
Stock Price: The stock price did not show any movement in the pre-market trading session.
Check back our full write up on this HON earnings report later!
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Honeywell (HON) Q4: Earnings in-Line, Revenues Miss
Global diversified technology and manufacturing firm Honeywell International Inc. (HON - Free Report) has a balanced mix of long and short-cycle businesses. With a flexible yet disciplined focus on cost and productivity, HON remains focused on increasing its presence in high-growth regions.
However, despite HON's proactive restructuring initiatives, it is yet to witness signs of stabilization in a number of its major end markets. As the extent of competition is increasing over time, investors have been eagerly waiting for the company's latest earnings report. In the last four trailing quarters, HON has reported a positive average earnings surprise of 1.74%, beating the earnings estimates thrice.
Currently, HON has a Zacks Rank #4 (Sell), but that could definitely change following the Fourth-quarter earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Meets Earnings. The company’s reported adjusted EPS of $1.74 per share, in-line with the Zacks Consensus Estimate.
Honeywell International Inc. Price and EPS Surprise
Honeywell International Inc. Price and EPS Surprise | Honeywell International Inc. Quote
Revenue: Revenues Miss. HON posted revenues of $9,985 million, lower than the Zacks Consensus Estimate of $10,152 million.
Key Stats to Note: HON aims to improve top-line growth and enhance its overall decision-making speed, by realigning its business segments and funded more than $250 million in internal restructuring projects. In addition, for 2017 the company plans on returning nearly $4.5 billion to its shareowners through dividends and share repurchases.
Stock Price: The stock price did not show any movement in the pre-market trading session.
Check back our full write up on this HON earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>