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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 0.97%, beating the earnings estimates thrice.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Beats on earnings. The company’s reported EPS of $1.67 per share (excluding 7 cents per share deployed in restructuring), higher than the Zacks Consensus Estimate of $1.60 per share.
Revenue: Beats on revenues. HON posted revenues of $9,804 million, higher than the Zacks Consensus Estimate of $9,769 million.
Key Stats to Note: HON aims to improve its revenues and margins in the upcoming quarters on the back of greater business internationalization, new innovations and product portfolio solidification. Based on the favorable business conditions, the company has revised its full year 2016 earnings guidance to the range of $6.60-$6.64 up 8%-9%.
Stock Price: As of Oct 20, 2016, HRL’s closed the trading session at $108.14 per share. 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) Q3: Earnings & Revenues Beat Estimates
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 0.97%, beating the earnings estimates thrice.
Currently, HON has a Zacks Rank #4 (Sell), but that could definitely change following the third-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: Beats on earnings. The company’s reported EPS of $1.67 per share (excluding 7 cents per share deployed in restructuring), higher than the Zacks Consensus Estimate of $1.60 per share.
Revenue: Beats on revenues. HON posted revenues of $9,804 million, higher than the Zacks Consensus Estimate of $9,769 million.
Key Stats to Note: HON aims to improve its revenues and margins in the upcoming quarters on the back of greater business internationalization, new innovations and product portfolio solidification. Based on the favorable business conditions, the company has revised its full year 2016 earnings guidance to the range of $6.60-$6.64 up 8%-9%.
Stock Price: As of Oct 20, 2016, HRL’s closed the trading session at $108.14 per share. The stock price did not show any movement in the pre-market trading session.
HONEYWELL INTL Price
HONEYWELL INTL Price | HONEYWELL INTL Quote
Check back our full write up on this HON earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>