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Honeywell (HON,$191.50) beats Q4 earnings expectations; offers weaker-than-expected guidance
Honeywell International Inc. reported its fourth-quarter earnings that beat expectations. However, the guidance offered by the conglomerate was weaker than expected.
The company's earnings came in at $2.09 a share, compared to analysts’ expectations of $2.08 a share. Revenue was $8.66 billion compared to the Street estimates of $8.73 billion.
The company said it was "an extremely challenging operating environment" during the period due to supply-related constraints within its aerospace division, and mask demand decreasing.
Honeywell’s Safety and Productivity Solutions division, which makes the masks, had a -10% decrease in sales in Q4. The company expects a further decline in mask demand this year.
Looking ahead, the company projects sales of $35.4 billion to $36.4 billion for 2022, below consensus forecast of $36.76 billion. It expects earnings in the range of $8.40 to $8.70 per share, also below the consensus of $8.97.
The company expects free cash flow to be about $4.9 billion in 2022. Analysts are projecting about $6 billion in free cash flow for this year.
Momentum Indicator for HON turns positive, indicating new upward trend
HON saw its Momentum Indicator move above the 0 level on May 04, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In 49 of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at 61%.
Current price $193.53 crossed the support line at $191.85 and is trading between $194.33 resistance and $191.85 support lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a +2% Uptrend, while the week of 05/06/22 - 05/13/22 shows a -0.46% Downtrend.
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
HON moved above its 50-day Moving Average on May 12, 2022 date and that indicates a change from a downward trend to an upward trend.
Following a +1.30% 3-day Advance, the price is estimated to grow further. Considering data from situations where HON advanced for three days, in 185 of 365 cases, the price rose further within the following month. The odds of a continued upward trend are 51%.
The Aroon Indicator entered an Uptrend today. In 192 of 333 cases where HON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 58%.
The 10-day RSI Indicator for HON moved out of overbought territory on May 05, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 similar instances where the indicator moved out of overbought territory. In 22 of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at 44%.
The Moving Average Convergence Divergence Histogram (MACD) for HON turned negative on May 11, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In 21 of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at 50%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HON declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 51%.
HON broke above its upper Bollinger Band on May 04, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 55%. During the last month, the daily ratio of advancing to declining volumes was 1.68 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 22 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.
The Tickeron Valuation Rating of 37 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.174) is normal, around the industry mean (20.633). P/E Ratio (25.707) is within average values for comparable stocks, (42.398). Projected Growth (PEG Ratio) (1.983) is also within normal values, averaging (1.818). Dividend Yield (0.020) settles around the average of (0.033) among similar stocks. P/S Ratio (3.932) is also within normal values, averaging (108.576).
The Tickeron PE Growth Rating for this company is 48 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 53 (best 1 - 100 worst), indicating steady price growth. HON’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 60 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The industry is involved in value-added processes including creation of metal structures like machines and parts by cutting, bending and assembling, using various raw materials. A fabrication shop often bids on a project/job, and then builds the product if awarded the contract. Robotics and automation are making their way into the industry apparently to fill in skills gap[s19] . RBC Bearings Incorporated, Timken Company and Valmont Industries, Inc. are some of the largest metal fabrication companies in the U.S.
The average market capitalization across the Metal Fabrication Industry is 9.1B. The market cap for tickers in the group ranges from 482 to 131.7B. HON holds the highest valuation in this group at 131.7B. The lowest valued company is BDGY at 482.
The average weekly price growth across all stocks in the Metal Fabrication Industry was 15.53%. For the same Industry, the average monthly price growth was -3.79%, and the average quarterly price growth was 7.68%. CDJM experienced the highest price growth at 2686.89%, while SPGX experienced the biggest fall at -64.92%.
- 5/12/22 5:38 AM: Honeywell International (HON, $192.02) was a top loser this week, declining -6.72%. Expect a Downtrend reversal
- 5/5/22 4:57 AM: Honeywell International (HON, $205.85) was a top weekly gainer, with a +10.46% jump
- 4/28/22 6:02 AM: Honeywell International (HON, $186.35) was a top loser this week, declining -5.09%
The average weekly volume growth across all stocks in the Metal Fabrication Industry was 19.44%. For the same stocks of the Industry, the average monthly volume growth was 60.6% and the average quarterly volume growth was -13.55%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the MA200MA50 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 34%. During the last month, the daily ratio of advancing to declining volumes was 1.28 to 1.
2 stocks in the group of tickers exhibit a similar positive trend based on the Volume indicator with an average likelihood of 73%.
The most notable companies in this group are Honeywell International (NASDAQ:HON), 3M Company (NYSE:MMM).
The average market capitalization across the group is 10.4B. The market cap for tickers in the group ranges from 0 to 131.7B. HON holds the highest valuation in this group at 131.7B. The lowest valued company is APTL at 0.
The average weekly price growth across all stocks in the group was 41.1%. For the same group, the average monthly price growth was -7%, and the average quarterly price growth was -9.06%. CDJM experienced the highest price growth at 2686.89%, while BNIGF experienced the biggest fall at -52.33%.
- 5/12/22 5:38 AM: MDU Resources Group (MDU, $25.13) was a top loser this week, declining -5.81%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Honeywell International (HON, $192.02) was a top loser this week, declining -6.72%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: 3M (MMM, $146.41) was a top loser this week, declining -5.07%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 139.86%. For the same stocks of the group, the average monthly volume growth was 194.64% and the average quarterly volume growth was 159.25%
- 4/26/22 5:03 AM: The volume for NN stock increased for a consecutive 5 days, with an average daily gain of 107%
- 4/23/22 4:13 AM: The volume for NN stock increased for a consecutive 5 days, with an average daily gain of 113%
- 4/22/22 6:32 AM: The volume for NN stock increased for four consecutive days, resulting in a record-breaking daily growth of 110% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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