Honeywell International Inc. (NASDAQ:HON ) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Sean Meakim - Vice President-Investor Relations Vimal Kapur - Chairman & Chief Executive Officer Greg Lewis - Senior Vice President & Chief Financial Officer Conference Call Participants Stephen Tusa - JPMorgan Julian Mitchell - Barclays Nigel Coe - Wolfe Research Scott Davis - Melius Research Andrew Obin - Bank of America Deane Dray - RBC Capital Markets Sheila Kahyaoglu - Jefferies Andy Kaplowitz - Citigroup Joe Ritchie - Goldman Sachs Operator Thank you for standing by and welcome to the Honeywell Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for Honeywell International (HON) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of Honeywell International (HON) fell over 4% in intraday trading Thursday after the maker of a vast array of commercial products lowered its full-year profit guidance based on management's outlook for the rest of the year, including the impact of recently announced acquisitions.
Honeywell International Inc (NASDAQ:HON) stock is moving sharply lower today, despite better-than-expected second-quarter earnings and sales growth, after the company slashed its full-year guidance.
Honeywell International Inc. (HON) came out with quarterly earnings of $2.49 per share, beating the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.23 per share a year ago.
Honeywell International Inc on Thursday lowered its annual profit forecast, due to lower demand in its industrial automation business, sending shares of the diversified industrial firm down 4.5% in premarket trade.
Honeywell (NYSE: HON) is scheduled to report its Q2 2024 results on Thursday, July 25. We expect the company to report revenue of $9.45 billion and adjusted earnings of $2.42 per share, both slightly above the consensus estimates.
Honeywell's (HON) second-quarter results are likely to benefit from strength across the Aerospace Technologies segment. Weakness in the Industrial Automation segment is likely to have been a spoilsport.
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.