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.
HON in upward trend: price expected to rise as it breaks its lower Bollinger Band on July 25, 2024
HON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where HON's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Notable companies
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
