Honeywell(US:HON) ZACKSยท2024-10-24 12:11Core Insights - Honeywell International Inc. reported quarterly earnings of $2.58 per share, exceeding the Zacks Consensus Estimate of $2.50 per share, and up from $2.27 per share a year ago, representing an earnings surprise of 3.20% [1] - The company posted revenues of $9.73 billion for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 1.71%, but an increase from $9.21 billion year-over-year [1] - Honeywell has surpassed consensus EPS estimates three times in the last four quarters and has topped consensus revenue estimates two times in the same period [1] Earnings Outlook - The sustainability of Honeywell's stock price movement will largely depend on management's commentary during the earnings call [2] - The current consensus EPS estimate for the upcoming quarter is $2.73 on revenues of $10.49 billion, and for the current fiscal year, it is $10.10 on revenues of $38.98 billion [4] Industry Context - The Diversified Operations industry, to which Honeywell belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Markel Group, is expected to report quarterly earnings of $21.97 per share, reflecting a year-over-year increase of 32.7% [5]