Honeywell Worldwide Inc. (HON) closed at $229.51 within the newest buying and selling session, marking a -1.01% transfer from the prior day. This transfer was narrower than the S&P 500’s each day lack of 1.11%. Elsewhere, the Dow misplaced 0.77%, whereas the tech-heavy Nasdaq misplaced 1.49%.
The corporate’s inventory has climbed by 0.97% previously month, exceeding the Conglomerates sector’s lack of 1.91% and the S&P 500’s acquire of 0.4%.
The funding group might be intently monitoring the efficiency of Honeywell Worldwide Inc. in its forthcoming earnings report. It’s anticipated that the corporate will report an EPS of $2.31, marking a 11.15% fall in comparison with the identical quarter of the earlier yr. Alongside, our most up-to-date consensus estimate is anticipating income of $9.97 billion, indicating a 5.56% upward motion from the identical quarter final yr.
HON’s full-year Zacks Consensus Estimates are calling for earnings of $9.73 per share and income of $38.46 billion. These outcomes would symbolize year-over-year modifications of +6.22% and +4.92%, respectively.
Buyers may additionally discover current modifications to analyst estimates for Honeywell Worldwide Inc. These revisions assist to point out the ever-changing nature of near-term enterprise tendencies. In consequence, upbeat modifications in estimates point out analysts’ favorable outlook on the corporate’s enterprise well being and profitability.
Empirical analysis signifies that these revisions in estimates have a direct correlation with impending inventory worth efficiency. To reap the benefits of this, we have established the Zacks Rank, an unique mannequin that considers these estimated modifications and delivers an operational score system.
The Zacks Rank system, working from #1 (Sturdy Purchase) to #5 (Sturdy Promote), holds an admirable monitor file of superior efficiency, independently audited, with #1 shares contributing a mean annual return of +25% since 1988. During the last 30 days, the Zacks Consensus EPS estimate has moved 4.57% decrease. Honeywell Worldwide Inc. presently has a Zacks Rank of #3 (Maintain).
Digging into valuation, Honeywell Worldwide Inc. presently has a Ahead P/E ratio of 23.83. This represents a premium in comparison with its trade’s common Ahead P/E of 15.85.
It is also vital to notice that HON presently trades at a PEG ratio of two.88. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes into consideration the inventory’s anticipated earnings progress price. By the top of yesterday’s buying and selling, the Diversified Operations trade had a mean PEG ratio of two.17.
The Diversified Operations trade is a part of the Conglomerates sector. At current, this trade carries a Zacks Business Rank of 221, inserting it throughout the backside 12% of over 250 industries.
The Zacks Business Rank is ordered from finest to worst when it comes to the common Zacks Rank of the person firms inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Take into accout to depend on Zacks.com to observe all these stock-impacting metrics, and extra, within the succeeding buying and selling classes.
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Honeywell International Inc. (HON) : Free Stock Analysis Report
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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.
