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

Company Performance - Honeywell International Inc. (HON) closed at $219.54, reflecting a +0.48% change, which underperformed the S&P 500's gain of 1.83% on the same day [1] - Over the past month, shares of Honeywell have decreased by 6.28%, compared to a loss of 3.15% in the Conglomerates sector and a 3.31% loss in the S&P 500 [1] Upcoming Earnings Report - Honeywell is set to release its earnings report on February 6, 2025, with projected earnings of$ 2.31 per share, indicating a year-over-year decline of 11.15% [2] - The Zacks Consensus Estimate for revenue is $9.93 billion, which represents a 5.19% increase from the previous year [2] Analyst Estimates and Market Sentiment - Recent changes in analyst estimates for Honeywell suggest a shifting business landscape, with positive revisions indicating optimism about the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Honeywell at 3 (Hold) [5] Valuation Metrics - Honeywell has a Forward P/E ratio of 19.94, which is higher than the industry average of 14.44 [6] - The company’s PEG ratio stands at 2.47, compared to the Diversified Operations industry's average PEG ratio of 1.69 [6] Industry Context - The Diversified Operations industry, part of the Conglomerates sector, has a Zacks Industry Rank of 197, placing it in the bottom 22% of over 250 industries [7] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [7]