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Honeywell International Inc. (HON) Registers a Bigger Fall Than the Market: Important Facts to Note
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Honeywell International Inc. (HON - Free Report) ended the recent trading session at $205.88, demonstrating a -4.55% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.62%. On the other hand, the Dow registered a loss of 1.87%, and the technology-centric Nasdaq decreased by 1.98%.
Shares of the company have depreciated by 1.3% over the course of the past month, underperforming the Conglomerates sector's gain of 1.04%, and the S&P 500's loss of 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Honeywell International Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.42, signifying a 12.00% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $9.56 billion, indicating a 7.66% downward movement from the same quarter last year.
HON's full-year Zacks Consensus Estimates are calling for earnings of $10.54 per share and revenue of $39.35 billion. These results would represent year-over-year changes of +7.77% and -2.46%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Honeywell International Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. Right now, Honeywell International Inc. possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Honeywell International Inc. is holding a Forward P/E ratio of 20.47. This signifies a premium in comparison to the average Forward P/E of 12.3 for its industry.
It is also worth noting that HON currently has a PEG ratio of 3.08. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Diversified Operations industry currently had an average PEG ratio of 1.54 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Honeywell International Inc. (HON) Registers a Bigger Fall Than the Market: Important Facts to Note
Honeywell International Inc. (HON - Free Report) ended the recent trading session at $205.88, demonstrating a -4.55% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.62%. On the other hand, the Dow registered a loss of 1.87%, and the technology-centric Nasdaq decreased by 1.98%.
Shares of the company have depreciated by 1.3% over the course of the past month, underperforming the Conglomerates sector's gain of 1.04%, and the S&P 500's loss of 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Honeywell International Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.42, signifying a 12.00% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $9.56 billion, indicating a 7.66% downward movement from the same quarter last year.
HON's full-year Zacks Consensus Estimates are calling for earnings of $10.54 per share and revenue of $39.35 billion. These results would represent year-over-year changes of +7.77% and -2.46%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Honeywell International Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. Right now, Honeywell International Inc. possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Honeywell International Inc. is holding a Forward P/E ratio of 20.47. This signifies a premium in comparison to the average Forward P/E of 12.3 for its industry.
It is also worth noting that HON currently has a PEG ratio of 3.08. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Diversified Operations industry currently had an average PEG ratio of 1.54 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.