Honeywell International Inc. (HON) Advances But Underperforms Market: Key Facts

In the latest market close, Honeywell International Inc. (HON) reached $219.54, with a +0.48% movement compared to the previous day. This change lagged the S&P 500's 1.83% gain on the day. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 2.45%.Shares of the company have depreciated by 6.28% over the course of the past month, underperforming the Conglomerates sector's loss of 3.15% and the S&P 500's loss of 3.31%.The investment community will be closely monitoring the performance of Honeywell International Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on February 6, 2025. On that day, Honeywell International Inc. is projected to report earnings of $2.31 per share, which would represent a year-over-year decline of 11.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.93 billion, up 5.19% from the year-ago period.It is also important to note the recent changes to analyst estimates for Honeywell International Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.25% increase. As of now, Honeywell International Inc. holds a Zacks Rank of #3 (Hold).Looking at its valuation, Honeywell International Inc. is holding a Forward P/E ratio of 19.94. This signifies a premium in comparison to the average Forward P/E of 14.44 for its industry.Investors should also note that HON has a PEG ratio of 2.47 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Diversified Operations industry was having an average PEG ratio of 1.69.The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 197, this industry ranks in the bottom 22% of all industries, numbering over 250.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks