How Honeywell International Inc. (HON) Earnings Could Send Shares to New Record Highs

Page 1 of 2

Honeywell International Inc. (NYSE:HON)Honeywell International Inc. (NYSE:HON) will release its quarterly report on Friday, as the company seeks to prove that the optimism that investors have shown in bidding shares to all-time highs is justified. With promising conditions for many of its business segments, Honeywell International Inc. (NYSE:HON) earnings have the capacity to grow substantially both now and for years to come.

Honeywell makes a variety of products, ranging from aircraft engines, communications, safety, and lighting systems for planes of all sizes to environmental controls and brake systems for commercial and passenger vehicles. All of those areas have seen recent strength, and the company is doing its best to capitalize on its opportunity in all of them. Let’s take an early look at what’s been happening with Honeywell International Inc. (NYSE:HON) over the past quarter and what we’re likely to see in its quarterly report.

Stats on Honeywell

Analyst EPS Estimate $1.21
Change From Year-Ago EPS 6.1%
Revenue Estimate $9.70 billion
Change From Year-Ago Revenue 2.8%
Earnings Beats in Past Four Quarters 4

Source: Yahoo! Finance.

How Honeywell earnings are vital to the stock’s future
Analysts have had mixed views about Honeywell International Inc. (NYSE:HON) earnings in recent months, cutting a penny per share from their June-quarter estimates but adding that penny to their full-year 2013 expectations. The stock, though, has been unequivocally positive, rising 11% since mid-April.

Honeywell got the quarter started with strong results in its April earnings report, managing to boost its earnings by 17% despite sporting only the tiniest of revenue gains. More optimistically, the company increased its earnings guidance for the year, hiking the lower end of its previous range by a nickel per share, although it cut its sales expectations by $200 million, or about half a percent.

Yet the company continues to face macroeconomic uncertainties. Rival Johnson Controls, Inc. (NYSE:JCI) reported extreme weakness in Europe in the first quarter, as automakers there have seen poor vehicle sales and generally weak industrial activity contribute to sluggish earnings growth. Honeywell International Inc. (NYSE:HON) has done its best to restructure its operations to turn its attention to higher-growth markets, but Europe could continue to hold back Honeywell from its full potential.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!