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Honeywell International Inc. (HON) Increases Yet Falls Behind Market: What Investors Need to Know

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Honeywell International Inc. (HON - Free Report) ended the recent trading session at $226.03, demonstrating a +1.14% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 2.91% for the day. Elsewhere, the Dow gained 2.49%, while the tech-heavy Nasdaq added 3.83%.

Coming into today, shares of the company had lost 9.9% in the past month. In that same time, the Conglomerates sector lost 10.57%, while the S&P 500 lost 7.64%.

Investors will be eagerly watching for the performance of Honeywell International Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 23, 2026. In that report, analysts expect Honeywell International Inc. to post earnings of $2.33 per share. This would mark a year-over-year decline of 7.17%. Meanwhile, our latest consensus estimate is calling for revenue of $9.27 billion, down 5.58% from the prior-year quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.42 per share and a revenue of $39.42 billion, indicating changes of +6.54% and -2.29%, respectively, from the former year.

Any recent changes to analyst estimates for Honeywell International Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.15% rise in the Zacks Consensus EPS estimate. Currently, Honeywell International Inc. is carrying a Zacks Rank of #3 (Hold).

With respect to valuation, Honeywell International Inc. is currently being traded at a Forward P/E ratio of 21.44. Its industry sports an average Forward P/E of 16.45, so one might conclude that Honeywell International Inc. is trading at a premium comparatively.

It is also worth noting that HON currently has a PEG ratio of 3.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Diversified Operations was holding an average PEG ratio of 1.28 at yesterday's closing price.

The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 29% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

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