Honeywell International Inc. (HON) Outperforms the Stock Market: Key Details

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Honeywell International Inc. (HON) Shows Resilience: Despite market fluctuations, Honeywell International Inc. (HON) concluded the latest trading day at $188.39, marking a 0.24% increase from the previous session. This positive movement outpaced the S&P 500’s modest 0.18% gain for the day. Simultaneously, the Dow recorded a 0.33% increase, while the tech-heavy Nasdaq experienced a marginal loss of 0.02%.

A Month in Review: Looking back over the past month, Honeywell International Inc. shares saw a 1.35% decrease. During this same period, the Conglomerates sector faced a 0.81% loss, and the S&P 500 saw a 1.63% dip.

Anticipation for Earnings: Investors are closely watching Honeywell International Inc. as it approaches its upcoming earnings release. On the expected day of the report, the company is estimated to announce earnings of $2.22 per share, reflecting a 1.33% year-over-year decline. Meanwhile, the Zacks Consensus Estimate for revenue suggests net sales of $9.23 billion, indicating a 3.12% increase from the previous year.

Full-Year Expectations: For the full year, Zacks Consensus Estimates predict earnings of $9.16 per share and revenue of $37.44 billion. These projections translate to year-over-year growth rates of +4.57% and +5.57%, respectively.

Analyzing Analyst Revisions: Recent revisions in analyst estimates can be revealing as they mirror short-term business trends. Positive estimate revisions often signal analyst confidence in a company’s business prospects.

Zacks Rank and Performance: The Zacks Rank, a proprietary model ranging from #1 (Strong Buy) to #5 (Strong Sell), is renowned for its ability to predict stock performance. Historically, #1 stocks have returned an average of +25% annually since 1988. As of the last 30 days, our consensus EPS projection has inched up by 0.04%. Currently, Honeywell International Inc. holds a Zacks Rank of #3 (Hold).

Valuation and Comparisons: Valuation is a crucial factor to consider. Presently, Honeywell International Inc. boasts a Forward P/E ratio of 20.59. In contrast, its industry carries an average Forward P/E of 16.39, signifying that Honeywell International Inc. is trading at a premium within its sector.

PEG Ratio Insight: Examining the PEG ratio is vital. With a PEG ratio of 2.29, Honeywell International Inc. aligns with the well-known P/E ratio but also considers the anticipated earnings growth rate. For reference, Diversified Operations stocks have an average PEG ratio of 1.94, based on closing prices from yesterday.

Industry Position: Honeywell International Inc. operates in the Diversified Operations industry within the Conglomerates sector. This industry is presently ranked at 152 according to the Zacks Industry Rank, placing it in the bottom 40% of all 250+ industries.

Industry Rank Impact: Our research indicates that industries rated within the top 50% tend to outperform those in the bottom half by a factor of 2 to 1. It’s essential to monitor these stock-moving metrics and more on Zacks.com during future trading sessions.

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