This story originally appeared on Zacks
Honeywell International Inc. has closed down. (HON) at $217.65 in the last trading session, recording a -0.81% move from the previous day. The move delayed the S&P 500’s daily gain by 0.08%. Meanwhile, the Dow Jones lost 0.56%, and the tech-heavy Nasdaq lost 0.42%.
Before today’s trading, the company’s shares are up 4.68% over the past month. This outpaced the conglomerate sector’s gain of 0.4% and the S&P 500’s gain of 0.22% in that time.
Investors are hoping for some strength from Honeywell International Inc as it nears its next earnings release. On that day, Honeywell International Inc. is expected to announce. Earnings of $2.08 per share, which represents a year-over-year growth of 0.48%. Meanwhile, the Zacks Consensus revenue report expects net sales of $8.73 billion, down 1.88% from the same period last year.
Any recent changes to Honeywell International Inc.’s analyst estimates should also be noted. by investors. Recent reviews tend to reflect the latest near-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.
Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.
The Zacks Rank system, which ranges from #1 (strong buy) to #5 (strong sell), has an impressive externally audited track record of outperformance, with the #1 stock having achieved a +25% average annual return since 1988. The Zacks Rank has declined Zacks Consensus estimated EPS of 0.85% over the past month. Honeywell International Inc. Currently rated at Zacks #4 (Sell).
In terms of valuation, Honeywell International Inc. Currently with a forward P/E rate of 24.51. Its industry has an average forward P/E of 18.42, so one might conclude that Honeywell International Inc. It trades at a relative premium.
We can also see that HON currently has a PEG ratio of 2.36. This metric is used similarly to the popular P/E ratio, but the PEG ratio also takes into account the expected earnings growth rate for a stock. The average P/E ratio for the HON industry was 1.31 as of yesterday’s close.
The diversified operations industry is part of the conglomerate segment. The industry currently has a Zacks Industry Rating of 72, placing it in the top 29% of all 250+ industries.
Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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