Yahoo Finance Honeywell International Inc. (HON) Dips More Than Broader Markets: What You Should Know
Honeywell International Inc. (HON) closed at $197.18 in the latest trading session, marking a -0.84% move from the prior day. This change lagged the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.59%, and the Nasdaq, a tech-heavy index, lost 1.54%.
Heading into today, shares of the company had gained 0.22% over the past month, lagging the Conglomerates sector's gain of 2.44% and the S&P 500's gain of 4.14% in that time.
Investors will be hoping for strength from Honeywell International Inc. as it approaches its next earnings release. On that day, Honeywell International Inc. is projected to report earnings of $2.20 per share, which would represent year-over-year growth of 4.76%. Meanwhile, our latest consensus estimate is calling for revenue of $9.15 billion, up 2.23% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.15 per share and revenue of $36.77 billion, which would represent changes of +4.45% and +3.69%, respectively, from the prior year.
Any recent changes to analyst estimates for Honeywell International Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.2% lower. Honeywell International Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 21.72. This valuation marks a premium compared to its industry's average Forward P/E of 15.67.
We can also see that HON currently has a PEG ratio of 2.37. 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. HON's industry had an average PEG ratio of 1.73 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% 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.
To follow HON in the coming trading sessions, be sure to utilize Zacks.com.
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Honeywell International Inc. (HON) : Free Stock Analysis Report
