Honeywell International Inc. (HON Quick QuoteHON - Free Report) ended the recent trading session at $207.29, demonstrating a -1.12% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.02% for the day. On the other hand, the Dow registered a loss of 0.35%, and the technology-centric Nasdaq decreased by 0.15%.

Heading into today, shares of the company had gained 4.1% over the past month, outpacing the Conglomerates sector's loss of 2.85% and the S&P 500's gain of 2.05%.

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 earnings report is set to go public on October 22, 2026. The company is expected to report EPS of $2.17, down 61.52% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $5.07 billion, reflecting a 51.31% fall from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.27 per share and a revenue of $20.35 billion, indicating changes of -57.72% and -49.55%, respectively, from the former year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Honeywell International Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

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 0.16% lower. Honeywell International Inc. is currently a Zacks Rank #4 (Sell).

With respect to valuation, Honeywell International Inc. is currently being traded at a Forward P/E ratio of 25.34. This denotes a premium relative to the industry average Forward P/E of 12.81.

Also, we should mention that HON has a PEG ratio of 1.79. 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. As of the close of trade yesterday, the Diversified Operations industry held an average PEG ratio of 1.25.

The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.