News

We provide the latest news
from the world of economics and finance

25 April
Honeywell International (HON) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Honeywell International Inc. (HON) reported $9.11 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 2.7%. EPS of $2.25 for the same period compares to $2.07 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $9 billion, representing a surprise of +1.14%. The company delivered an EPS surprise of +3.21%, with the consensus EPS estimate being $2.18.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Honeywell International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Honeywell Building Technologies: $1.43 billion versus $1.50 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.1% change.
  • Net Sales- Aerospace: $3.67 billion versus $3.55 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +17.9% change.
  • Net Industrial Automation sales: $2.48 billion compared to the $2.58 billion average estimate based on four analysts.
  • Net Energy and Sustainability Solutions sales: $1.53 billion versus $1.39 billion estimated by four analysts on average.
  • Net Industrial Automation sales- Productivity Solutions and Services: $322 million compared to the $303.72 million average estimate based on two analysts.
  • Net Industrial Automation sales- Sensing and Safety Technologies: $633 million versus $654.22 million estimated by two analysts on average.
  • Net Industrial Automation sales- Warehouse and Workflow Solutions: $210 million versus $270.44 million estimated by two analysts on average.
  • Aerospace Sales- Commercial Aviation Original Equipment: $674 million versus the two-analyst average estimate of $649.80 million. The reported number represents a year-over-year change of +24.6%.
  • Aerospace Sales- Commercial Aviation Aftermarket: $1.66 billion versus $1.64 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.6% change.
  • Aerospace Sales- Defense and Space: $1.34 billion versus $1.29 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.5% change.
  • Honeywell Building Technologies Sales- Products: $813 million compared to the $899.44 million average estimate based on two analysts. The reported number represents a change of -10.5% year over year.
  • Net Industrial Automation sales- Process Solutions: $1.31 billion compared to the $1.35 billion average estimate based on two analysts.

View all Key Company Metrics for Honeywell International here>>>

Shares of Honeywell International have returned -5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Free – 5 Dividend Stocks to Fund Your Retirement

Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.

5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.

Download Now – Today It’s FREE >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.