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Honeywell International Inc. (HON) Declines More Than Market: Some Information for Investors
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Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $204.93, moving -1.59% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
Prior to today's trading, shares of the company had lost 9.51% lagged the Conglomerates sector's loss of 7.68% and the S&P 500's loss of 0.97%.
The investment community will be closely monitoring the performance of Honeywell International Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $2.16, signifying a 61.70% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $5.05 billion, down 51.45% from the prior-year quarter.
HON's full-year Zacks Consensus Estimates are calling for earnings of $8.29 per share and revenue of $20.31 billion. These results would represent year-over-year changes of -57.62% and -49.64%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Honeywell International Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, there's been a 0.42% rise in the Zacks Consensus EPS estimate. Honeywell International Inc. is currently a Zacks Rank #3 (Hold).
With respect to valuation, Honeywell International Inc. is currently being traded at a Forward P/E ratio of 25.13. This signifies a premium in comparison to the average Forward P/E of 13.73 for its industry.
Meanwhile, HON's PEG ratio is currently 3.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. HON's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Honeywell International Inc. (HON) Declines More Than Market: Some Information for Investors
Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $204.93, moving -1.59% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
Prior to today's trading, shares of the company had lost 9.51% lagged the Conglomerates sector's loss of 7.68% and the S&P 500's loss of 0.97%.
The investment community will be closely monitoring the performance of Honeywell International Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $2.16, signifying a 61.70% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $5.05 billion, down 51.45% from the prior-year quarter.
HON's full-year Zacks Consensus Estimates are calling for earnings of $8.29 per share and revenue of $20.31 billion. These results would represent year-over-year changes of -57.62% and -49.64%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Honeywell International Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, there's been a 0.42% rise in the Zacks Consensus EPS estimate. Honeywell International Inc. is currently a Zacks Rank #3 (Hold).
With respect to valuation, Honeywell International Inc. is currently being traded at a Forward P/E ratio of 25.13. This signifies a premium in comparison to the average Forward P/E of 13.73 for its industry.
Meanwhile, HON's PEG ratio is currently 3.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. HON's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.