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Honeywell (HON) Dips More Than Broader Markets: What You Should Know
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Honeywell (HON - Free Report) closed at $147.68 in the latest trading session, marking a -0.3% move from the prior day. This move lagged the S&P 500's daily loss of 0.15%. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq 0%.
Prior to today's trading, shares of the industrial conglomerate had lost 5.17% over the past month. This has was narrower than the Conglomerates sector's loss of 7.82% and lagged the S&P 500's loss of 1.27% in that time.
Investors will be hoping for strength from HON as it approaches its next earnings release, which is expected to be January 25, 2019. The company is expected to report EPS of $1.88, up 1.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.69 billion, down 10.61% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.98 per share and revenue of $41.77 billion. These totals would mark changes of +12.24% and +3.05%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HON. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, the Zacks Consensus EPS estimate has moved 2.07% lower. HON is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, HON is holding a Forward P/E ratio of 18.56. This valuation marks a premium compared to its industry's average Forward P/E of 17.14.
Meanwhile, HON's PEG ratio is currently 1.89. 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. Diversified Operations stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 (HON) Dips More Than Broader Markets: What You Should Know
Honeywell (HON - Free Report) closed at $147.68 in the latest trading session, marking a -0.3% move from the prior day. This move lagged the S&P 500's daily loss of 0.15%. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq 0%.
Prior to today's trading, shares of the industrial conglomerate had lost 5.17% over the past month. This has was narrower than the Conglomerates sector's loss of 7.82% and lagged the S&P 500's loss of 1.27% in that time.
Investors will be hoping for strength from HON as it approaches its next earnings release, which is expected to be January 25, 2019. The company is expected to report EPS of $1.88, up 1.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.69 billion, down 10.61% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.98 per share and revenue of $41.77 billion. These totals would mark changes of +12.24% and +3.05%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HON. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, the Zacks Consensus EPS estimate has moved 2.07% lower. HON is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, HON is holding a Forward P/E ratio of 18.56. This valuation marks a premium compared to its industry's average Forward P/E of 17.14.
Meanwhile, HON's PEG ratio is currently 1.89. 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. Diversified Operations stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.