Honeywell International Inc. (NYSE:HON) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 21, 2017. The stock added about 7.7 percent in price since last results when it was at $117.97 a share. Based on the most relevant past-periods data, there is an 64.29 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 1 time.
Here’s how traders responded to HON earnings announcements over the past few quarters.
Honeywell International Inc. (HON) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 1.9 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $1.74 which came in line with the consensus $1.74 projection (no surprise). For the quarter, revenue came in at 9.99B versus consensus estimate of 10.15B. The stock gained 0.38 percent the session following the earnings reports were released, and on 7th day price change was 0.02 percent.
On October 21, 2016, it reported earnings at $1.67 a share compared with the consensus estimate of $1.6 per share (positive surprise of 4.37%). Revenue of 9.8B for that quarter was above the $9.79B analysts had expected. The stock climbed 0.76% the day following the earnings announcement, and on 7th day price change was 0.64%.
On July 22, 2016, it recorded $1.66 a share in earnings which topped the consensus estimate of $1.64 (positive surprise of 1.22%). Revenue for the quarter was $9.99B while analysts called for revenues to be $10.13B. The stock dropped -2.57% the day following the earnings data was made public, and on 7th day price change was -2.45%.
On April 22, 2016, it announced earnings per share at $1.53 versus the consensus estimate of $1.5 per share (positive surprise of 2%). That came on revenues of $9.52B for that period. Analysts had expected $9.37B in revenue.
Honeywell International Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.62. The analysts’ present consensus range is $1.6-$1.65 for EPS. The market consensus range for revenue is between $9.16B and $9.42B, with an average of $9.32B.
Honeywell International Inc. (NYSE:HON) last ended at $126.73, sending the company’s market cap near $96.47B. The consensus 12-month price target from analysts covering the stock is $135. The share price has declined -0.53% from its top level in 52 weeks and dropped 9.98% this year. It recently traded in a range of $126.49-$127.35 at a volume of 2583024 shares. The recent trading ended with the price nearly 0.52 higher for the last 5 trading days, rebounding 21.77% from its 52-week low.