Global diversified technology and manufacturing firm Honeywell International Inc. HON has a balanced mix of long and short-cycle businesses. With a flexible yet disciplined focus on cost and productivity, HON remains focused on increasing its presence in high-growth regions.
However, despite HON's proactive restructuring initiatives, it is yet to witness signs of stabilization in a number of its major end markets. As the extent of competition is increasing over time, investors have been eagerly waiting for the company's latest earnings report. In the last four trailing quarters, HON has reported a positive average earnings surprise of 1.2%, beating estimates thrice. Earnings estimates have more or less remained steady over the last couple of months.
Currently, HON has a Zacks Rank #3 (Hold), but that could definitely change following the fourth-quarter earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Earnings beat. The company’s reported adjusted EPS of $1.85 per share, which beat the Zacks Consensus Estimate of $1.84.
Honeywell International Inc. Price and EPS Surprise
Honeywell International Inc. Price and EPS Surprise | Honeywell International Inc. Quote
Revenues: Revenues beat. HON posted revenues of $10,843 million, higher than the Zacks Consensus Estimate of $10,689 million.
Key Stats to Note: HON aims to boost its near-term results on the back of strategic investments, greater operational efficacy and stronger demand for its diversified products. The company increased its guidance for 2018 to better reflect the positive impact from the tax reform. HON currently anticipates earnings within the range of $7.75-$8.00 per share for 2018, up from earlier expectations of $7.55−$7.80.
Stock Price: At the time of writing, the stock price of HON was up in pre-market trading on the back of earnings beat and bullish guidance. It would be interesting to see how the market reacts to the results during the trading session today.
Check back our full write up on this HON earnings report later!
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