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Honeywell International Inc. (HON) Rises Higher Than Market: Key Facts
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In the latest trading session, Honeywell International Inc. (HON - Free Report) closed at $237.86, marking a +2.09% move from the previous day. This move outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.21%.
Shares of the company witnessed a gain of 8.71% over the previous month, beating the performance of the Conglomerates sector with its gain of 3.87%, and the S&P 500's gain of 6.04%.
The investment community will be closely monitoring the performance of Honeywell International Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.46, reflecting a 10.55% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $9.54 billion, indicating a 7.86% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.53 per share and revenue of $39.32 billion, indicating changes of +7.67% and -2.53%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Honeywell International Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.11% lower. As of now, Honeywell International Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Honeywell International Inc. is currently trading at a Forward P/E ratio of 22.13. This valuation marks a premium compared to its industry average Forward P/E of 13.25.
Meanwhile, HON's PEG ratio is currently 3.33. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 1.59.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 161, this industry ranks in the bottom 35% of all industries, numbering over 250.
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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Honeywell International Inc. (HON) Rises Higher Than Market: Key Facts
In the latest trading session, Honeywell International Inc. (HON - Free Report) closed at $237.86, marking a +2.09% move from the previous day. This move outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.21%.
Shares of the company witnessed a gain of 8.71% over the previous month, beating the performance of the Conglomerates sector with its gain of 3.87%, and the S&P 500's gain of 6.04%.
The investment community will be closely monitoring the performance of Honeywell International Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.46, reflecting a 10.55% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $9.54 billion, indicating a 7.86% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.53 per share and revenue of $39.32 billion, indicating changes of +7.67% and -2.53%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Honeywell International Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.11% lower. As of now, Honeywell International Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Honeywell International Inc. is currently trading at a Forward P/E ratio of 22.13. This valuation marks a premium compared to its industry average Forward P/E of 13.25.
Meanwhile, HON's PEG ratio is currently 3.33. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 1.59.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 161, this industry ranks in the bottom 35% of all industries, numbering over 250.
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.