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) Reports Q3 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Honeywell International Inc. (HON - Free Report) reported $9.21 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. EPS of $2.27 for the same period compares to $2.25 a year ago.
The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $9.21 billion. With the consensus EPS estimate being $2.22, the EPS surprise was +2.25%.
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: $1.53 billion compared to the $1.55 billion average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
Net Sales- Safety and Productivity Solutions: $1.31 billion versus the four-analyst average estimate of $1.41 billion. The reported number represents a year-over-year change of -23.9%.
Net Sales- Performance Materials and Technologies: $2.87 billion compared to the $2.89 billion average estimate based on four analysts. The reported number represents a change of +5.4% year over year.
Net Sales- Aerospace: $3.50 billion compared to the $3.36 billion average estimate based on four analysts. The reported number represents a change of +17.6% year over year.
Net Sales- Corporate: $2 million versus the two-analyst average estimate of $1.02 million.
Segment Profit- Aerospace: $963 million compared to the $922.72 million average estimate based on four analysts.
Segment Profit- Honeywell Building Technologies: $386 million versus the four-analyst average estimate of $388.58 million.
Segment Profit- Corporate: -$90 million versus -$114.84 million estimated by four analysts on average.
Segment Profit- Safety and Productivity Solutions: $190 million compared to the $231.56 million average estimate based on four analysts.
Segment Profit- Performance Materials and Technologies: $633 million versus $646.79 million estimated by four analysts on average.
Shares of Honeywell International Inc. have returned -5.2% over the past month versus the Zacks S&P 500 composite's -3.4% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Honeywell International Inc. (HON) Reports Q3 Earnings: What Key Metrics Have to Say
Honeywell International Inc. (HON - Free Report) reported $9.21 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. EPS of $2.27 for the same period compares to $2.25 a year ago.
The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $9.21 billion. With the consensus EPS estimate being $2.22, the EPS surprise was +2.25%.
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: $1.53 billion compared to the $1.55 billion average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
- Net Sales- Safety and Productivity Solutions: $1.31 billion versus the four-analyst average estimate of $1.41 billion. The reported number represents a year-over-year change of -23.9%.
- Net Sales- Performance Materials and Technologies: $2.87 billion compared to the $2.89 billion average estimate based on four analysts. The reported number represents a change of +5.4% year over year.
- Net Sales- Aerospace: $3.50 billion compared to the $3.36 billion average estimate based on four analysts. The reported number represents a change of +17.6% year over year.
- Net Sales- Corporate: $2 million versus the two-analyst average estimate of $1.02 million.
- Segment Profit- Aerospace: $963 million compared to the $922.72 million average estimate based on four analysts.
- Segment Profit- Honeywell Building Technologies: $386 million versus the four-analyst average estimate of $388.58 million.
- Segment Profit- Corporate: -$90 million versus -$114.84 million estimated by four analysts on average.
- Segment Profit- Safety and Productivity Solutions: $190 million compared to the $231.56 million average estimate based on four analysts.
- Segment Profit- Performance Materials and Technologies: $633 million versus $646.79 million estimated by four analysts on average.
View all Key Company Metrics for Honeywell International Inc. here>>>Shares of Honeywell International Inc. have returned -5.2% over the past month versus the Zacks S&P 500 composite's -3.4% 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.