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Honeywell International Inc. (HON) Stock Moves -1.29%: What You Should Know

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Honeywell International Inc. (HON) closed the most recent trading day at $192.01, moving -1.29% from the previous trading session. This change was narrower than the S&P 500's 2.38% loss on the day. Meanwhile, the Dow lost 1.94%, and the Nasdaq, a tech-heavy index, lost 0.6%.

Coming into today, shares of the company had gained 1.3% in the past month. In that same time, the Conglomerates sector gained 1.9%, while the S&P 500 lost 0.07%.

Wall Street will be looking for positivity from Honeywell International Inc. as it approaches its next earnings report date. On that day, Honeywell International Inc. is projected to report earnings of $2.03 per share, which would represent year-over-year growth of 0.5%. Our most recent consensus estimate is calling for quarterly revenue of $8.72 billion, down 0.96% from the year-ago period.

HON's full-year Zacks Consensus Estimates are calling for earnings of $8.68 per share and revenue of $35.95 billion. These results would represent year-over-year changes of +7.69% and +4.54%, respectively.

Investors should also note any recent changes to analyst estimates for Honeywell International Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.17% lower. Honeywell International Inc. currently has a Zacks Rank of #3 (Hold).

Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 22.42. Its industry sports an average Forward P/E of 15.71, so we one might conclude that Honeywell International Inc. is trading at a premium comparatively.

We can also see that HON currently has a PEG ratio of 2.32. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Diversified Operations stocks are, on average, holding a PEG ratio of 1.41 based on yesterday's closing prices.

The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.

The Zacks Industry Rank includes is listed in order 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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