Honeywell (HON) closes at $202.19, up 0.64%, but underperforms S&P 500

From Nasdaq: 2024-05-31 18:15:07

In the latest trading session, Honeywell International Inc. (HON) closed at $202.19, up +0.64% from the previous day, underperforming the S&P 500. While up 3.75% in the past month, HON’s upcoming financial results project an EPS of $2.32 and revenue of $9.32 billion, beating sector performance but falling short of the S&P 500’s growth.

As investors await Honeywell International Inc.’s financial results, analysts project an EPS of $9.93 and revenue of $38.37 billion for the fiscal year. Analysts are monitoring any changes in estimates, as revisions often impact stock prices. HON is currently rated as a Hold (#3) on the Zacks Rank system, with minor adjustments to EPS estimates in the last 30 days.

Honeywell International Inc.’s valuation shows a Forward P/E ratio of 20.23, higher than the industry average of 18.46. Additionally, the company’s PEG ratio of 2.32 indicates a premium compared to the industry average of 2.06. Despite recent gains, HON’s Zacks Industry Rank of 101 places it in the top 41% of industries, showcasing strong performance potential.

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Read more at Nasdaq: Honeywell International Inc. (HON) Gains But Lags Market: What You Should Know