We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Honeywell International (HON): Can Its 3.7% Jump Turn into More Strength?
Read MoreHide Full Article
Honeywell International Inc. (HON - Free Report) shares rallied 3.7% in the last trading session to close at $229.86. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 50.3% loss over the past four weeks.
HON's shares got a boost from growing investor optimism following the successful completion of its Aerospace Technologies spin-off. The separation completed Honeywell's portfolio transformation, creating three independent companies—Honeywell Technologies, Honeywell Aerospace and Solstice Advanced Materials. As a standalone company, Honeywell Technologies is now focused on industrial automation, offering automation solutions, software and services that strengthen its long-term growth prospects.
This company is expected to post quarterly earnings of $4.83 per share in its upcoming report, which represents a year-over-year change of -12.2%. Revenues are expected to be $9.55 billion, down 7.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Honeywell International, the consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on HON going forward to see if this recent jump can turn into more strength down the road.
Honeywell International belongs to the Zacks Diversified Operations industry. Another stock from the same industry, Posco (PKX - Free Report) , closed the last trading session 4.2% higher at $52.12. Over the past month, PKX has returned -27%.
Posco's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.85. Compared to the company's year-ago EPS, this represents a change of +142.9%. Posco currently boasts a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
Strength Seen in Honeywell International (HON): Can Its 3.7% Jump Turn into More Strength?
Honeywell International Inc. (HON - Free Report) shares rallied 3.7% in the last trading session to close at $229.86. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 50.3% loss over the past four weeks.
HON's shares got a boost from growing investor optimism following the successful completion of its Aerospace Technologies spin-off. The separation completed Honeywell's portfolio transformation, creating three independent companies—Honeywell Technologies, Honeywell Aerospace and Solstice Advanced Materials. As a standalone company, Honeywell Technologies is now focused on industrial automation, offering automation solutions, software and services that strengthen its long-term growth prospects.
This company is expected to post quarterly earnings of $4.83 per share in its upcoming report, which represents a year-over-year change of -12.2%. Revenues are expected to be $9.55 billion, down 7.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Honeywell International, the consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on HON going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Honeywell International belongs to the Zacks Diversified Operations industry. Another stock from the same industry, Posco (PKX - Free Report) , closed the last trading session 4.2% higher at $52.12. Over the past month, PKX has returned -27%.
Posco's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.85. Compared to the company's year-ago EPS, this represents a change of +142.9%. Posco currently boasts a Zacks Rank of #3 (Hold).