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Honeywell International Inc. (HON), with a market cap of $142.5 billion, is a global technology and manufacturing leader operating across aerospace, building technologies, performance materials, and safety solutions. It serves various industries with advanced products and services, including aerospace systems, industrial automation, and energy management. The Charlotte, North Carolina-based company is expected to announce its fiscal Q4 earnings results before the market opens on Thursday, Feb. 6.
Ahead of the upcoming event, analysts forecast the HON to report a profit of $2.31 per share, down 11.2% from $2.60 per share in the previous year's quarter. The company has surpassed or met Wall Street's bottom-line estimates in each of the past four quarters. In the most recent quarter, the company exceeded the consensus estimate by a margin of 3.2%.
For fiscal 2024, analysts expect HON to report EPS of $9.73, up 6.2% from $9.16 in fiscal 2023. Looking forward to fiscal 2025, EPS is expected to grow 12.6% year-over-year to $10.96.
HON stock has gained 8.7% over the past 52 weeks, lagging behind the broader S&P 500 Index's ($SPX) 22.1% rise and the Industrial Select Sector SPDR Fund’s (XLI) 19.9% returns over the same period.
Honeywell shares dropped more than 5% after posting its mixed Q3 earnings report on Oct. 24. While adjusted EPS increased 8% year-over-year to $2.58, surpassing expectations, its revenue grew 5.6% to $9.7 billion, falling short of analysts' expectations.
Analysts' consensus rating on Honeywell stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 22 analysts covering the stock, opinions include 10 "Strong Buys" and 12 "Holds."
The average analyst price target for HON is $247.35, suggesting a potential upside of just 13.2% from current levels.
