Honeywell International (HON) reports it’s FQ2 ’15 numbers before the opening bell tomorrow and both the Estimize community and Wall Street are predicting a solid uptick in EPS and revenues. Estimize predicts an EPS figure of $1.51 and a revenue number of $9,895B. Wall Street analysts however, predict an EPS figure of $1.51 and revenues of $9.888B.

Honeywell’s share price has closely followed the Dow Jones index year-to-date (YTD) returning 3.84% in capital gains to investors compared to the index which has risen 1.58%. Honeywell is currently trading on a PE multiple (TTM) of 18.99X which is below its 5 year average of 19.54X.

The New Jersey based Honeywell specializes in the production of aircraft engines, cockpit electronics and other products and services for aircraft manufacturers, airlines, military services etc. Despite the company’s stagnate performance YTD, Honeywell has been a gem for shareholders over the past 5 years outperforming the Dow Jones, S&P 500 and NASDAQ indices.

Honeywell’s previous restructurings have allowed the company to begin to obtain solid net profit margins relative to its peers including United Technologies (UTX) and Boeing (BA). Management have outlined that they expect the company’s overall cost position to only improve as further strategies are put in place.

Honeywell will need to keep innovating and build solid product pipelines if they are going to continue to experience share price strength. New products and service deliveries to clients across the globe is essential to Honeywell’s continued success.

Management have guided to the market that its FQ2 ’15 revenues will be lower YoY, however their margins will be up. Historically, Honeywell produces its best results in the second half of the year, therefore a lower revenue figure is not overly surprising. Honeywell has a superior track record in beating its own EPS guidance, outperforming over the past 5 consecutive quarters.