Here's Why Honeywell International Inc. (HON) Fell More Than Broader Market

Core Viewpoint - Honeywell International Inc. is facing a challenging market environment, with expected declines in earnings and revenue for the upcoming quarter and the full year compared to the previous year [2][3]. Financial Performance - The stock closed at $233.40, reflecting a -2.52% change from the previous day's closing price, which is less than the S&P 500's daily loss of 1.52% [1]. - Over the past month, Honeywell's shares have decreased by 1.34%, outperforming the Conglomerates sector's loss of 5.39% and the S&P 500's loss of 2.25% [1]. Earnings Estimates - Analysts forecast an EPS of $2.34 for the upcoming earnings report, representing a 6.77% decrease from the same quarter last year [2]. - The revenue estimate for the upcoming quarter is $9.27 billion, indicating a 5.58% decline compared to the same quarter of the previous year [2]. Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $10.41 per share and revenue of $39.4 billion, reflecting changes of +6.44% and -2.33%, respectively, from the previous year [3]. Analyst Revisions - Recent changes to analyst estimates for Honeywell should be monitored, as positive revisions are often indicative of a favorable business outlook [3][4]. Zacks Rank and Valuation - Honeywell currently holds a Zacks Rank of 3 (Hold), with a recent 0.15% increase in the Zacks Consensus EPS estimate [5]. - The company is trading at a Forward P/E ratio of 23.01, which is higher than the industry average of 16.97 [6]. - The PEG ratio for Honeywell is 3.51, significantly above the industry average PEG ratio of 1.29 [7]. Industry Context - The Diversified Operations industry, to which Honeywell belongs, ranks in the bottom 22% of all industries according to the Zacks Industry Rank [7].