Honeywell Worldwide Inc. (HON) closed the newest buying and selling day at $212.89, transferring +0.29% from the earlier buying and selling session. This modification lagged the S&P 500’s 1.59% achieve on the day. In the meantime, the Dow skilled an increase of 1.39%, and the technology-dominated Nasdaq noticed a rise of 1.63%.
Coming into at this time, shares of the corporate had misplaced 5.26% up to now month. In that very same time, the Conglomerates sector misplaced 1.46%, whereas the S&P 500 misplaced 2.42%.
Analysts and buyers alike will probably be maintaining a detailed eye on the efficiency of Honeywell Worldwide Inc. in its upcoming earnings disclosure. The corporate’s upcoming EPS is projected at $2.26, signifying a 0.44% improve in comparison with the identical quarter of the earlier 12 months. On the similar time, our most up-to-date consensus estimate is projecting a income of $9.58 billion, reflecting a 5.23% rise from the equal quarter final 12 months.
For the complete fiscal 12 months, the Zacks Consensus Estimates are projecting earnings of $10.45 per share and a income of $40.31 billion, representing adjustments of +5.66% and +4.7%, respectively, from the prior 12 months.
Any current adjustments to analyst estimates for Honeywell Worldwide Inc. must also be famous by buyers. These newest changes typically mirror the shifting dynamics of short-term enterprise patterns. In consequence, we will interpret constructive estimate revisions as a very good signal for the corporate’s enterprise outlook.
Our analysis reveals that these estimate alterations are immediately linked with the inventory worth efficiency within the close to future. Buyers can capitalize on this by utilizing the Zacks Rank. This mannequin considers these estimate adjustments and supplies a easy, actionable score system.
The Zacks Rank system, starting from #1 (Sturdy Purchase) to #5 (Sturdy Promote), possesses a exceptional historical past of outdoing, externally audited, with #1 shares returning a median annual achieve of +25% since 1988. Throughout the previous 30 days, our consensus EPS projection has moved 5.15% decrease. Proper now, Honeywell Worldwide Inc. possesses a Zacks Rank of #5 (Sturdy Promote).
With respect to valuation, Honeywell Worldwide Inc. is presently being traded at a Ahead P/E ratio of 20.31. This denotes a premium relative to the trade’s common Ahead P/E of 14.94.
It is also necessary to notice that HON presently trades at a PEG ratio of two.49. The PEG ratio bears resemblance to the often used P/E ratio, however this parameter additionally contains the corporate’s anticipated earnings progress trajectory. Because the market closed yesterday, the Diversified Operations trade was having a median PEG ratio of 1.93.
The Diversified Operations trade is a part of the Conglomerates sector. With its present Zacks Trade Rank of 153, this trade ranks within the backside 40% of all industries, numbering over 250.
The energy of our particular person trade teams is measured by the Zacks Trade Rank, which is calculated primarily based on the typical Zacks Rank of the person shares inside these teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure to observe all of those stock-moving metrics, and plenty of extra, on Zacks.com.
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Honeywell International Inc. (HON) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
