Honeywell International Inc. shares closed up 2.60% at $211.85, even as the Dow lost 0.36% and the Nasdaq added 0.45%. Ahead of its upcoming earnings release, the Zacks Consensus Estimate projects earnings per share of $2.16, a 61.7% fall from the same quarter a year earlier, on revenue of $5.05 billion, down 51.45%. For the full year, analysts expect earnings of $8.29 per share and revenue of $20.31 billion, changes of -57.62% and -49.64% respectively from last year. Over the past month the Zacks Consensus EPS estimate has moved 0.42% higher, and Honeywell currently carries a Zacks Rank of #3 (Hold). The stock trades at a forward P/E of 24.92 versus an industry average of 13.73, with a PEG ratio of 3.46 against the Diversified Operations industry average of 1.4.
Honeywell International IncEarnings preview shows consensus EPS down 61.7% and revenue down 51.45% YoY, with a Hold rank and forward P/E well above industry average, while shares rose 2.60%.
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