Honeywell International Inc. (HON) Stock Sinks As Market Gains: What You Should Know

In the latest close session, Honeywell International Inc. (HON) was down 1.58% at $195.96. This move lagged the S&P 500's daily gain of 0.64%. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.52%. Prior to today's trading, shares of the company had gained 4.78% outpaced the Conglomerates sector's gain of 2.02% and the S&P 500's gain of 3%.Investors will be eagerly watching for the performance of Honeywell International Inc. in its upcoming earnings disclosure. On that day, Honeywell International Inc. is projected to report earnings of $2.57 per share, which would represent year-over-year growth of 4.05%. Meanwhile, the latest consensus estimate predicts the revenue to be $10.2 billion, indicating a 1.11% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates are projecting earnings of $10.64 per share and revenue of $40.77 billion, which would represent changes of +7.58% and +5.91%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Honeywell International Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Honeywell International Inc. holds a Zacks Rank of #3 (Hold). Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 18.71. This denotes a premium relative to the industry average Forward P/E of 16.79. Meanwhile, HON's PEG ratio is currently 2.66. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Diversified Operations was holding an average PEG ratio of 1.69 at yesterday's closing price. The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 190, placing it within the bottom 24% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Honeywell International Inc. (HON): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks