Honeywell International (HON) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Honeywell stock returned 20.2% compared to the S&P 500's 29.3%, previous hold rating deemed fair. Analysts expect 3% revenue growth in Q2, driven by share repurchases, and EPS growth at 8.1%. Honeywell aligning acquisitions with three megatrends, stock valuation fair with potential upside for long-term investors.
In the closing of the recent trading day, Honeywell International Inc. (HON) stood at $220.21, denoting a +0.8% change from the preceding trading day.
Investors seek high-growth stocks because they offer the potential to deliver substantial returns through capital appreciation. These stocks typically perform strongly in key growth metrics such as EPS, revenue, profitability and future growth prospects.
Honeywell International Inc. (HON) reachead $214.85 at the closing of the latest trading day, reflecting a +0.17% change compared to its last close.
The acquisition of Air Products' LNG technology and equipment business is set to bolster Honeywell's (HON) energy transition portfolio.
Honeywell did not violate workplace anti-discrimination laws by firing a white engineer who refused to participate in mandatory diversity, equity and inclusion training after the Black Lives Matter movement began, a U.S. appeals court ruled on Wednesday.
Honeywell International Inc. has had a challenging stretch of quarters, as Street expectations for the automation businesses (and underlying short-cycle end-market health) were too high, driving a relative derating. Aviation, building automation, industrial automation, process automation, and material sciences can all contribute to an above-average mid-single-digit long-term revenue growth rate. Management has gotten more active in M&A, but importantly is using M&A to augment and improve existing businesses as opposed to entering new verticals.
In the most recent trading session, Honeywell International Inc. (HON) closed at $214.45, indicating a -0.67% shift from the previous trading day.
The acquisition of CAES is set to bolster Honeywell's (HON) defense technology offerings across various domains, including land, sea, air and space.
Honeywell International (HON) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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