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.
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.