We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honeywell International Inc. (HON) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $207.50, moving +0.5% from the previous trading session. This change lagged the S&P 500's 1.23% gain on the day. Meanwhile, the Dow gained 0.84%, and the Nasdaq, a tech-heavy index, lost 2.24%.
Coming into today, shares of the company had gained 6.5% in the past month. In that same time, the Conglomerates sector gained 5.34%, while the S&P 500 gained 4.67%.
Wall Street will be looking for positivity from Honeywell International Inc. as it approaches its next earnings report date. This is expected to be July 27, 2023. On that day, Honeywell International Inc. is projected to report earnings of $2.20 per share, which would represent year-over-year growth of 4.76%. Our most recent consensus estimate is calling for quarterly revenue of $9.15 billion, up 2.23% from the year-ago period.
HON's full-year Zacks Consensus Estimates are calling for earnings of $9.16 per share and revenue of $36.78 billion. These results would represent year-over-year changes of +4.57% and +3.7%, respectively.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Honeywell International Inc. currently has a Zacks Rank of #2 (Buy).
Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 22.53. For comparison, its industry has an average Forward P/E of 15.98, which means Honeywell International Inc. is trading at a premium to the group.
Also, we should mention that HON has a PEG ratio of 2.46. 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 1.8 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Honeywell International Inc. (HON) Gains But Lags Market: What You Should Know
Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $207.50, moving +0.5% from the previous trading session. This change lagged the S&P 500's 1.23% gain on the day. Meanwhile, the Dow gained 0.84%, and the Nasdaq, a tech-heavy index, lost 2.24%.
Coming into today, shares of the company had gained 6.5% in the past month. In that same time, the Conglomerates sector gained 5.34%, while the S&P 500 gained 4.67%.
Wall Street will be looking for positivity from Honeywell International Inc. as it approaches its next earnings report date. This is expected to be July 27, 2023. On that day, Honeywell International Inc. is projected to report earnings of $2.20 per share, which would represent year-over-year growth of 4.76%. Our most recent consensus estimate is calling for quarterly revenue of $9.15 billion, up 2.23% from the year-ago period.
HON's full-year Zacks Consensus Estimates are calling for earnings of $9.16 per share and revenue of $36.78 billion. These results would represent year-over-year changes of +4.57% and +3.7%, respectively.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Honeywell International Inc. currently has a Zacks Rank of #2 (Buy).
Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 22.53. For comparison, its industry has an average Forward P/E of 15.98, which means Honeywell International Inc. is trading at a premium to the group.
Also, we should mention that HON has a PEG ratio of 2.46. 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 1.8 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.