Honeywell Worldwide Inc. (HON)
Honeywell Worldwide Inc. (HON) shares ended the final buying and selling session 3.1% greater at $231.27. The leap got here on a powerful quantity with a higher-than-average variety of shares altering arms within the session. This compares to the inventory’s 0.6% acquire over the previous 4 weeks.
Honeywell’s rally is essentially pushed by optimism over the corporate’s strong momentum throughout its companies amid robust restoration in finish markets. Strong product choices, robust demand for warehouse automation merchandise in addition to rising alternatives throughout the unmanned aerial techniques and concrete air mobility markets are prone to help its efficiency within the quarters forward. For 2021, the corporate presently expects total revenues to lie within the vary of $34-$34.Eight billion, with natural revenues prone to be up 3-5% on a year-over-year foundation.
Value and Consensus
This firm is anticipated to put up quarterly earnings of $1.91 per share in its upcoming report, which represents a year-over-year change of +51.6%. Revenues are anticipated to be $8.6 billion, up 15.1% from the year-ago quarter.
Earnings and income development expectations definitely give a great sense of the potential power in a inventory, however empirical analysis reveals that developments in earnings estimate revisions are strongly correlated with near-term inventory worth actions.
For Honeywell Worldwide Inc., the consensus EPS estimate for the quarter has been revised 2.7% greater during the last 30 days to the present degree. And a constructive development in earnings estimate revision often interprets into worth appreciation. So, make sure that to regulate HON going ahead to see if this current leap can flip into extra power down the street.
The inventory presently carries a Zacks Rank 3 (Maintain). You’ll be able to see the entire listing of at the moment’s Zacks Rank #1 (Sturdy Purchase) shares right here >>>>
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Honeywell Worldwide Inc. (HON): Free Inventory Evaluation Report
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