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The latest trading session saw Honeywell International Inc. (HON) ending at $221.51, denoting a -1.84% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. On the other hand, the Dow registered a loss of 0.32%, and the technology-centric Nasdaq decreased by 0.5%.
Shares of the company witnessed a loss of 2.67% over the previous month, trailing the performance of the Conglomerates sector with its gain of 3.5% and the S&P 500's gain of 2.52%.
The investment community will be closely monitoring the performance of Honeywell International Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on February 6, 2025. The company's upcoming EPS is projected at $2.37, signifying an 8.85% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.92 billion, showing a 5.08% escalation compared to the year-ago quarter.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.92% lower within the past month. Honeywell International Inc. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Honeywell International Inc. currently has a Forward P/E ratio of 20.69. This indicates a premium in contrast to its industry's Forward P/E of 15.2.
It is also worth noting that HON currently has a PEG ratio of 2.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. HON's industry had an average PEG ratio of 1.83 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 25% of over 250 industries.