Within the newest buying and selling session, Honeywell Worldwide Inc. (HON) closed at $226.52, marking a +0.44% transfer from the day past. The inventory fell in need of the S&P 500, which registered a acquire of 1.26% for the day. Elsewhere, the Dow gained 0.8%, whereas the tech-heavy Nasdaq added 1.77%.
Shares of the corporate witnessed a lack of 0.34% over the earlier month, beating the efficiency of the Conglomerates sector with its lack of 3.95% and the S&P 500’s lack of 2.82%.
Analysts and traders alike shall be preserving an in depth eye on the efficiency of Honeywell Worldwide Inc. in its upcoming earnings disclosure. In that report, analysts anticipate Honeywell Worldwide Inc. to put up earnings of $2.31 per share. This is able to mark a year-over-year decline of 11.15%. Our most up-to-date consensus estimate is looking for quarterly income of $9.97 billion, up 5.56% from the year-ago interval.
Moreover, traders ought to keep watch over any latest revisions to analyst forecasts for Honeywell Worldwide Inc. These revisions sometimes mirror the newest short-term enterprise traits, which might change incessantly. Therefore, constructive alterations in estimates signify analyst optimism concerning the corporate’s enterprise and profitability.
Our analysis means that these adjustments in estimates have a direct relationship with upcoming inventory worth efficiency. To use this, we have shaped the Zacks Rank, a quantitative mannequin that features these estimate adjustments and presents a viable score system.
Starting from #1 (Sturdy Purchase) to #5 (Sturdy Promote), the Zacks Rank system has a confirmed, outside-audited monitor document of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Throughout the previous 30 days, our consensus EPS projection has moved 0.54% increased. At current, Honeywell Worldwide Inc. boasts a Zacks Rank of #3 (Maintain).
From a valuation perspective, Honeywell Worldwide Inc. is at the moment exchanging fingers at a Ahead P/E ratio of 20.49. This denotes a premium relative to the business’s common Ahead P/E of 14.29.
It is also vital to notice that HON at the moment trades at a PEG ratio of two.48. The PEG ratio is akin to the generally utilized P/E ratio, however this measure additionally incorporates the corporate’s anticipated earnings development price. The typical PEG ratio for the Diversified Operations business stood at 1.67 on the shut of the market yesterday.
The Diversified Operations business is a part of the Conglomerates sector. Presently, this business holds a Zacks Business Rank of 211, positioning it within the backside 16% of all 250+ industries.
The Zacks Business Rank assesses the vigor of our particular business teams by computing the typical Zacks Rank of the person shares integrated within the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll want to use Zacks.com to observe all these stock-influencing metrics, and extra, all through the forthcoming buying and selling periods.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
