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Honeywell (HON) Q3 Earnings and Revenues Beat Estimates

Zacks Equity Research
Updated

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 2.13%, beating the earnings estimates thrice.

Currently, HON has a Zacks Rank #2 (Buy), but that could definitely change following the third-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:

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Earnings: Earnings beat. The company’s reported adjusted EPS of $1.75 per share, which beat the Zacks Consensus Estimate of $1.74.

Honeywell International Inc. Price, Consensus and EPS Surprise

Honeywell International Inc. Price, Consensus and EPS Surprise | Honeywell International Inc. Quote

Revenue: Revenues beat. HON posted revenues of $10,121 million, higher than the Zacks Consensus Estimate of $9,962 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 anticipates to report earnings within the range of $7.05-$7.10 per share for full-year 2017, (from $7.00−$7.10).

Stock Price: At the time of writing, the stock price of HON was down 0.24% ($0.34) in pre-market trading. However, we believe that the company’s better-than-expected third-quarter 2017 result would enhance overall positive sentiment among investors.

Check back our full write up on this HON earnings report later!

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Honeywell International Inc. (HON) : Free Stock Analysis Report
 
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