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published in Blogs
Oct 29, 2022

Honeywell (HON, $204.93) beats Q3 earnings expectations

Honeywell International Inc. posted quarterly adjusted earnings of $2.25 per share, higher than the year-ago quarter’s $2.02 per share a year ago, and surpassing the Zacks Consensus Estimate of $2.16 per share (as reported in Zacks Equity Research).

Revenues of $8.95 billion, however, missed the Zacks Consensus Estimate by 1.37%. (as reported in Zacks Equity Research). It was $8.47 billion in the year-ago quarter. Organic sales rose +9%.

Honeywell’s Aerospace segment quarterly revenues grew +9% year over year. Building Technologies’ revenues rose +11% year-over-year, while  Performance Materials and Technologies’ revenues total revenue increased +8%. Safety and Productivity Solutions revenues fell -7% owing to lower volumes in warehouse and workflow solutions and personal protective equipment.

For full-year 2022, Honeywell re-iterated its free cash flow expectation of $4.70-$5.10 billion.  But it revised its forecast of operating cash flow to $5.20-$5.60 billion compared with prior estimate of $5.50-$5.90 billion. It now projects a segment margin of 21.6-21.8% (vs. prior forecast of 21.3-21.7%).

Honeywell now expects sales to be in the range of $35.40-$35.70 billion for 2022, compared with previous guidance of $35.50-$36.10 billion. Organic sales growth expectation is 6-7%, compared with previous projection of 5-7% .

The company now projects 2022 adjusted earnings per share in the range of $8.70-$8.80, boosting its outlook from prior forecast of  $8.55-8.80.

Related Ticker: HON

Momentum Indicator for HON turns positive, indicating new upward trend

HON saw its Momentum Indicator move above the 0 level on March 25, 2025. 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 98 similar instances where the indicator turned positive. In of the 98 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HON advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 273 cases where HON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where HON's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

HON moved below its 50-day moving average on March 28, 2025 date and that indicates a change from an upward trend to a downward trend.

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 of 62 cases within the following month. The odds of a continued downward trend are .

HON broke above its upper Bollinger Band on March 07, 2025. 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.

Notable companies

The most notable companies in this group are Honeywell International (NASDAQ:HON).

Market Cap

The average market capitalization across the group is 131.75B. The market cap for tickers in the group ranges from 131.75B to 131.75B. HON holds the highest valuation in this group at 131.75B. The lowest valued company is HON at 131.75B.

High and low price notable news

The average weekly price growth across all stocks in the group was -0%. For the same group, the average monthly price growth was -1%, and the average quarterly price growth was 5%. HON experienced the highest price growth at -0%, while HON experienced the biggest fall at -0%.

Volume

The average weekly volume growth across all stocks in the group was -7%. For the same stocks of the group, the average monthly volume growth was -0% and the average quarterly volume growth was 116%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 91
P/E Growth Rating: 43
Price Growth Rating: 54
SMR Rating: 30
Profit Risk Rating: 32
Seasonality Score: 50 (-100 ... +100)
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published General Information

General Information

an industrial conglomerate which operates as a diversified technology and manufacturing company

Industry

Profile
Fundamentals
Details
Industry
Industrial Conglomerates
Address
855 South Mint Street
Phone
+1 704 627-6200
Employees
95000
Web
https://www.honeywell.com
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