BUZZ-PREVIEW: Honeywell seen posting 6.7% year-on-year EPS growth
Honeywell International is expected to report a 6.7% year-on-year decrease in adjusted EPS of $2.66 for Q2, with revenues projected at $10.07 billion. The stock rose 1.6% ahead of the results, and analysts remain optimistic, with 16 out of 28 rating it as a "buy". The median 12-month price target is $250, reflecting a 12.2% increase from three months ago. Honeywell is also evaluating strategic alternatives for two businesses as part of a planned split into three units. Year-to-date, shares are up 6.4%.
Shares of Honeywell International HON.O up 1.6% on Wednesday ahead of quarterly results due before the opening bell Thursday
Industrial conglomerate seen posting Q2 adj EPS of $2.66, a 6.7% y/y decrease, on rev of $10.07 bln vs. $9.58 bln in Q2 2024, according to LSEG data
HON has beaten or met EPS estimates every qtr going back to at least Q1 2020, per LSEG
On July 14, BofA Global Research hiked PT on upbeat earnings expectations on shorter-cycle business demand
On July 8, HON said it would evaluate strategic alternatives for two of its businesses that serve the transportation and logistics industries as the industrial giant prepares to split in three: aerospace, automation and advanced materials units
On April 29, co raised its 2025 profit forecast despite flagging a $500 million hit from tariffs
Of 28 analysts covering HON, 16 rate stock “buy” or stronger, remaining 12 recommend “hold”
Median 12-mo PT of $250.0 up 12.2% from 3 months ago. Stock last traded at $240.33
HON options imply a 3.7% swing for the shares, in either direction by Friday, per Trade Alert data; that is nearly in line with the stock’s avg one-day move of 3.9% on the day of results over the last eight qtrs
HON shares now up 6.4% YTD compared with the Dow’s .DJI 5.7% advance over the same time period
