Honeywell International Inc. (HON) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest trading session, Honeywell International Inc. (HON) closed at $221.50, marking a -3.29% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.51%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 2.01%. Heading into today, shares of the company had lost 4.88% over the past month, outpacing the Conglomerates sector's loss of 9.44% and lagging the S&P 500's loss of 3.63%.Market participants will be closely following the financial results of Honeywell International Inc. in its upcoming release. The company is expected to report EPS of $2.33, down 7.17% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.27 billion, down 5.58% from the year-ago period. HON's full-year Zacks Consensus Estimates are calling for earnings of $10.42 per share and revenue of $39.42 billion. These results would represent year-over-year changes of +6.54% and -2.29%, respectively. Investors might also notice 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 business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.13% higher. Honeywell International Inc. currently has a Zacks Rank of #3 (Hold). In the context of valuation, Honeywell International Inc. is at present trading with a Forward P/E ratio of 21.98. Its industry sports an average Forward P/E of 16, so one might conclude that Honeywell International Inc. is trading at a premium comparatively. One should further note that HON currently holds a PEG ratio of 3.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. HON's industry had an average PEG ratio of 1.26 as of yesterday's close. The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 20% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks