Global diversified technology and manufacturing firm Honeywell International Inc (HON) has a balanced mix of long and short-cycle businesses. In a concerted effort to align its portfolio around “Great Positions in Good Industries” and leverage on technological synergies, HON is actively restructuring its operating segments
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 awaiting for the company’s latest earnings report. In the last four trailing quarters, HON has reported a positive average earnings surprise of 1.30%.
Currently, HON has a Zacks Rank #4 (Sell), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HON Beat on earnings. Our consensus called for EPS of $1.39, and the company reported EPS of $1.41
Revenue: Revenues Missed. HON posted revenues of $9,213 million, compared to our consensus estimate of $9,569 million.
Key Stats to Note: Management’s continued efforts to launch products and technologies in order to drive organic growth and expand its business in new geographical regions are praiseworthy.
Stock Price: Shares prices remained flat in pre-market trading following the earnings beat at the time of writing.
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