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Why Honeywell International Inc. (HON) Soared on Tuesday

We recently published an article titled Why These 10 Stocks Soared Today. In this article, we are going to take a look at where Honeywell International Inc. (NASDAQ:HON) stands against the other stocks that soared on Tuesday.

The stock market finished Tuesday’s trading on a positive note with all major indices ending in the green, buoyed by the influx of corporate earnings results.

The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent.

Ten companies mirrored the broader market optimism, leading the charge with strong gains, predominantly driven by impressive earnings results.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

A shot of a commercial plane with a blur of color in the background, representing the production of auxiliary power units in the Safety and Productivity Solutions segment.

Honeywell International Inc. (NASDAQ:HON)

Honeywell rallied by 5.40 percent on Tuesday to finish at $211.49 apiece as investor sentiment was buoyed by its strong earnings performance and estimates beat in the first quarter of the year.

Despite net income ending slightly lower, down 0.5 percent to $1.467 billion versus $1.475 billion in the same period last year, revenues managed to jump by 7.87 percent to $9.822 billion from $9.105 billion year-on-year.

Additionally, Honeywell International Inc. posted adjusted earnings per share of $2.51, beating analyst estimates of $2.19 by 14.6 percent. This marked the fourth consecutive quarter of beating analyst consensus.

Looking ahead, Honeywell International Inc. also updated its full-year 2025 outlook, with sales now pegged at between $39.6 billion and $40.5 billion or growth of 2 to 5 percent year-on-year.

Adjusted EPS is expected to settle anywhere between $10.20 and $10.50 apiece.


 

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This article is originally published at Insider Monkey.