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.
Exploring Analyst Estimates for Honeywell International (HON) Q3 Earnings, Beyond Revenue and EPS
Read MoreHide Full Article
Wall Street analysts forecast that Honeywell International Inc. (HON - Free Report) will report quarterly earnings of $2.17 per share in its upcoming release, pointing to a year-over-year decline of 61.5%. It is anticipated that revenues will amount to $5.01 billion, exhibiting a decrease of 51.8% compared to the year-ago quarter.
The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Honeywell International metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Industrial Automation' of $1.19 billion. The estimate points to a change of -47.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Building Automation' should come in at $2.01 billion. The estimate suggests a change of +7% year over year.
The consensus estimate for 'Segment Profit- Industrial Automation' stands at $199.21 million. Compared to the present estimate, the company reported $428.00 million in the same quarter last year.
Analysts' assessment points toward 'Segment Profit- Building Automation' reaching $546.35 million. Compared to the current estimate, the company reported $502.00 million in the same quarter of the previous year.
Over the past month, shares of Honeywell International have returned +2.4% versus the Zacks S&P 500 composite's +1.5% change. Currently, HON carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Exploring Analyst Estimates for Honeywell International (HON) Q3 Earnings, Beyond Revenue and EPS
Wall Street analysts forecast that Honeywell International Inc. (HON - Free Report) will report quarterly earnings of $2.17 per share in its upcoming release, pointing to a year-over-year decline of 61.5%. It is anticipated that revenues will amount to $5.01 billion, exhibiting a decrease of 51.8% compared to the year-ago quarter.
The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Honeywell International metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Industrial Automation' of $1.19 billion. The estimate points to a change of -47.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Building Automation' should come in at $2.01 billion. The estimate suggests a change of +7% year over year.
The consensus estimate for 'Segment Profit- Industrial Automation' stands at $199.21 million. Compared to the present estimate, the company reported $428.00 million in the same quarter last year.
Analysts' assessment points toward 'Segment Profit- Building Automation' reaching $546.35 million. Compared to the current estimate, the company reported $502.00 million in the same quarter of the previous year.
View all Key Company Metrics for Honeywell International here>>>Over the past month, shares of Honeywell International have returned +2.4% versus the Zacks S&P 500 composite's +1.5% change. Currently, HON carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .