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Honeywell International Inc. (HON) Rises As Market Takes a Dip: Key Facts

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In the latest trading session, Honeywell International Inc. (HON - Free Report) closed at $197.45, marking a +1.96% move from the previous day. This change outpaced the S&P 500's 0.16% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.59%.

The stock of company has fallen by 2.7% in the past month, lagging the Conglomerates sector's loss of 2.4% and the S&P 500's loss of 0.21%.

Investors will be eagerly watching for the performance of Honeywell International Inc. in its upcoming earnings disclosure. On that day, Honeywell International Inc. is projected to report earnings of $2.57 per share, which would represent year-over-year growth of 4.05%. At the same time, our most recent consensus estimate is projecting a revenue of $10.2 billion, reflecting a 1.11% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.64 per share and a revenue of $40.77 billion, representing changes of +7.58% and +5.91%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Honeywell International Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Honeywell International Inc. boasts a Zacks Rank of #3 (Hold).

From a valuation perspective, Honeywell International Inc. is currently exchanging hands at a Forward P/E ratio of 18.2. Its industry sports an average Forward P/E of 17.14, so one might conclude that Honeywell International Inc. is trading at a premium comparatively.

Meanwhile, HON's PEG ratio is currently 2.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 1.73.

The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 144, this industry ranks in the bottom 42% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.


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