For the quarter ended December 2022, Honeywell International Inc. (HON - Free Report) reported revenue of $9.19 billion, up 6.1% over the same period last year. EPS came in at $2.52, compared to $2.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.22 billion, representing a surprise of -0.38%. The company delivered an EPS surprise of +1.2%, with the consensus EPS estimate being $2.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Honeywell International Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales-Honeywell Building Technologies: $1.51 billion compared to the $1.57 billion average estimate based on six analysts. The reported number represents a change of +7.8% year over year.
- Net sales-Performance Materials and Technologies: $2.86 billion versus $2.81 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
- Net sales-Aerospace: $3.20 billion versus the six-analyst average estimate of $3.15 billion. The reported number represents a year-over-year change of +10.6%.
- Net sales-Safety and Productivity Solutions: $1.61 billion versus $1.68 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8.3% change.
- Segment profit-Aerospace: $890 million versus $873.10 million estimated by six analysts on average.
- Segment Profit- Honeywell Building Technologies: $375 million compared to the $379.01 million average estimate based on six analysts.
- Segment Profit- Corporate: -$114 million compared to the -$114.10 million average estimate based on six analysts.
- Segment Profit- Safety and Productivity Solutions: $325 million versus the six-analyst average estimate of $288.11 million.
- Segment Profit- Performance Materials and Technologies: $628 million versus the six-analyst average estimate of $659.65 million.
View all Key Company Metrics for Honeywell International Inc. here>>>
Shares of Honeywell International Inc. have returned -1.6% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2022, Honeywell International Inc. (HON - Free Report) reported revenue of $9.19 billion, up 6.1% over the same period last year. EPS came in at $2.52, compared to $2.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.22 billion, representing a surprise of -0.38%. The company delivered an EPS surprise of +1.2%, with the consensus EPS estimate being $2.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Honeywell International Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Honeywell International Inc. here>>>
Shares of Honeywell International Inc. have returned -1.6% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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