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Honeywell International Inc. (HON) Flat As Market Sinks: What You Should Know
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In the latest trading session, Honeywell International Inc. (HON - Free Report) closed at $200.65, marking no change from the previous day. This move was narrower than the S&P 500's daily loss of 0.54%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Coming into today, shares of the company had lost 3.32% in the past month. In that same time, the Conglomerates sector lost 8.55%, while the S&P 500 lost 7.87%.
Honeywell International Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 3, 2022. The company is expected to report EPS of $2.08, up 0.48% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.74 billion, down 1.85% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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, the Zacks Consensus EPS estimate has moved 0.94% lower. Honeywell International Inc. is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Honeywell International Inc. is holding a Forward P/E ratio of 22.46. For comparison, its industry has an average Forward P/E of 16.71, which means Honeywell International Inc. is trading at a premium to the group.
We can also see that HON currently has a PEG ratio of 2.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Diversified Operations was holding an average PEG ratio of 1.2 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 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.
To follow HON in the coming trading sessions, be sure to utilize Zacks.com.
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Honeywell International Inc. (HON) Flat As Market Sinks: What You Should Know
In the latest trading session, Honeywell International Inc. (HON - Free Report) closed at $200.65, marking no change from the previous day. This move was narrower than the S&P 500's daily loss of 0.54%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Coming into today, shares of the company had lost 3.32% in the past month. In that same time, the Conglomerates sector lost 8.55%, while the S&P 500 lost 7.87%.
Honeywell International Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 3, 2022. The company is expected to report EPS of $2.08, up 0.48% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.74 billion, down 1.85% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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, the Zacks Consensus EPS estimate has moved 0.94% lower. Honeywell International Inc. is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Honeywell International Inc. is holding a Forward P/E ratio of 22.46. For comparison, its industry has an average Forward P/E of 16.71, which means Honeywell International Inc. is trading at a premium to the group.
We can also see that HON currently has a PEG ratio of 2.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Diversified Operations was holding an average PEG ratio of 1.2 at yesterday's closing price.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 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.
To follow HON in the coming trading sessions, be sure to utilize Zacks.com.