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Honeywell International Inc. (HON) Advances While Market Declines: Some Information for Investors
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Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $227.42, moving +2.27% from the previous trading session. This change outpaced the S&P 500's 0.1% loss on the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Prior to today's trading, shares of the company had lost 4.04% lagged the Conglomerates sector's gain of 0.05% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Honeywell International Inc. in its upcoming earnings disclosure. In that report, analysts expect Honeywell International Inc. to post earnings of $2.42 per share. This would mark a year-over-year decline of 12%. 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.
For the full year, the Zacks Consensus Estimates project earnings of $10.54 per share and a revenue of $39.35 billion, demonstrating changes of +7.77% and -2.46%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business 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.
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, the Zacks Consensus EPS estimate has shifted 0.07% upward. Honeywell International Inc. currently has a Zacks Rank of #3 (Hold).
Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 21.1. Its industry sports an average Forward P/E of 12.3, so one might conclude that Honeywell International Inc. is trading at a premium comparatively.
We can also see that HON currently has a PEG ratio of 3.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HON's industry had an average PEG ratio of 1.48 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 110, this industry ranks in the top 46% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow HON in the coming trading sessions, be sure to utilize Zacks.com.
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Honeywell International Inc. (HON) Advances While Market Declines: Some Information for Investors
Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $227.42, moving +2.27% from the previous trading session. This change outpaced the S&P 500's 0.1% loss on the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Prior to today's trading, shares of the company had lost 4.04% lagged the Conglomerates sector's gain of 0.05% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Honeywell International Inc. in its upcoming earnings disclosure. In that report, analysts expect Honeywell International Inc. to post earnings of $2.42 per share. This would mark a year-over-year decline of 12%. 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.
For the full year, the Zacks Consensus Estimates project earnings of $10.54 per share and a revenue of $39.35 billion, demonstrating changes of +7.77% and -2.46%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business 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.
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, the Zacks Consensus EPS estimate has shifted 0.07% upward. Honeywell International Inc. currently has a Zacks Rank of #3 (Hold).
Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 21.1. Its industry sports an average Forward P/E of 12.3, so one might conclude that Honeywell International Inc. is trading at a premium comparatively.
We can also see that HON currently has a PEG ratio of 3.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HON's industry had an average PEG ratio of 1.48 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 110, this industry ranks in the top 46% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow HON in the coming trading sessions, be sure to utilize Zacks.com.