We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Honeywell International Inc. (HON) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
Honeywell International Inc. (HON - Free Report) ended the recent trading session at $199.73, demonstrating a +0.3% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.54%.
Prior to today's trading, shares of the company had gained 2.64% over the past month. This has lagged the Conglomerates sector's gain of 6.66% and the S&P 500's gain of 3.18% in that time.
The investment community will be paying close attention to the earnings performance of Honeywell International Inc. in its upcoming release. It is anticipated that the company will report an EPS of $2.18, marking a 5.31% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $9.01 billion, up 1.6% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $9.96 per share and a revenue of $38.41 billion, demonstrating changes of +8.73% and +4.78%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates 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 company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.18% lower. Honeywell International Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Honeywell International Inc. is presently being traded at a Forward P/E ratio of 19.99. This represents a premium compared to its industry's average Forward P/E of 18.07.
One should further note that HON currently holds a PEG ratio of 2.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 2.22.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Honeywell International Inc. (HON) Ascends While Market Falls: Some Facts to Note
Honeywell International Inc. (HON - Free Report) ended the recent trading session at $199.73, demonstrating a +0.3% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.54%.
Prior to today's trading, shares of the company had gained 2.64% over the past month. This has lagged the Conglomerates sector's gain of 6.66% and the S&P 500's gain of 3.18% in that time.
The investment community will be paying close attention to the earnings performance of Honeywell International Inc. in its upcoming release. It is anticipated that the company will report an EPS of $2.18, marking a 5.31% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $9.01 billion, up 1.6% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $9.96 per share and a revenue of $38.41 billion, demonstrating changes of +8.73% and +4.78%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates 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 company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.18% lower. Honeywell International Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Honeywell International Inc. is presently being traded at a Forward P/E ratio of 19.99. This represents a premium compared to its industry's average Forward P/E of 18.07.
One should further note that HON currently holds a PEG ratio of 2.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 2.22.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.