Why the Market Dipped But Honeywell International Inc. (HON) Gained Today

Stock Performance - Honeywell International Inc (HON) closed at $226 88 with a +0 01% movement compared to the previous day outperforming the S&P 500's daily loss of 0 09% [1] - Over the past month HON shares appreciated by 0 08% outperforming the Conglomerates sector's loss of 5 11% and the S&P 500's loss of 0 29% [1] Earnings and Revenue Estimates - The company is anticipated to report an EPS of$ 2 31 for the upcoming quarter marking an 11 15% fall compared to the same quarter of the previous year [2] - Revenue for the upcoming quarter is expected to be $9 88 billion up 4 63% from the prior-year quarter [2] - For the full year analysts expect earnings of$ 9 73 per share and revenue of $38 46 billion representing changes of +6 22% and +4 92% respectively from last year [3] Analyst Estimate Revisions - Recent modifications to analyst estimates for HON reflect shifting dynamics of short-term business patterns with positive revisions indicating optimism about the company's business and profitability [4] - Estimate changes are directly correlated with near-term stock prices [5] Valuation Metrics - HON is currently trading with a Forward P/E ratio of 23 31 which is a premium compared to its industry's average Forward P/E of 16 79 [7] - The company's PEG ratio is 2 82 higher than the Diversified Operations industry average of 1 97 [7] Industry Context - The Diversified Operations industry part of the Conglomerates sector has a Zacks Industry Rank of 203 placing it in the bottom 20% of all 250+ industries [8] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]