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Honeywell International Inc. (HON) Stock Sinks As Market Gains: What You Should Know
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Honeywell International Inc. (HON - Free Report) closed at $206.80 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's daily gain of 0.64%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.46%.
Prior to today's trading, shares of the company had gained 2.46% over the past month. This has lagged the Conglomerates sector's gain of 2.56% and the S&P 500's gain of 4.56% in that time.
Honeywell International Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Honeywell International Inc. to post earnings of $2.01 per share. This would mark a year-over-year decline of 2.9%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.73 billion, down 1.95% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Honeywell International Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 0.15% lower. Honeywell International Inc. is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Honeywell International Inc. has a Forward P/E ratio of 25.9 right now. Its industry sports an average Forward P/E of 18.01, so we one might conclude that Honeywell International Inc. is trading at a premium comparatively.
Also, we should mention that HON has a PEG ratio of 2.49. 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. The Diversified Operations was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Honeywell International Inc. (HON) Stock Sinks As Market Gains: What You Should Know
Honeywell International Inc. (HON - Free Report) closed at $206.80 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's daily gain of 0.64%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.46%.
Prior to today's trading, shares of the company had gained 2.46% over the past month. This has lagged the Conglomerates sector's gain of 2.56% and the S&P 500's gain of 4.56% in that time.
Honeywell International Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Honeywell International Inc. to post earnings of $2.01 per share. This would mark a year-over-year decline of 2.9%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.73 billion, down 1.95% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Honeywell International Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 0.15% lower. Honeywell International Inc. is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Honeywell International Inc. has a Forward P/E ratio of 25.9 right now. Its industry sports an average Forward P/E of 18.01, so we one might conclude that Honeywell International Inc. is trading at a premium comparatively.
Also, we should mention that HON has a PEG ratio of 2.49. 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. The Diversified Operations was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.