Honeywell International Inc. ($HON) Stock Forecast: Down 5.1% Today

What is Honeywell International Inc.?

Honeywell International Inc. (HON) is an engineering company with a presence in Aerospace Technologies. Today, HON stock faced significant downward movement amid market fluctuations.

Why is Honeywell International Inc. going down?

HON stock is down 5.1% on Jul 25, 2024 18:48

• Honeywell (HON) posted strong Q2 earnings surpassing analyst expectations in revenue and EPS, yet its stock saw a bearish trend.
• The market's reaction may stem from Honeywell revising its profit outlook for fiscal year 2024, alongside an increase in sales growth projections.
• Investors seemed troubled by Honeywell's reduced adjusted EPS guidance, potentially impacting the stock’s performance.
• The bearish movement in HON stock might have been influenced by the mixed market performance, with the Dow Jones rising while the NASDAQ and S&P 500 declined.

HON Price Chart

HON News

Honeywell ( HON ) Q2 Earnings Beat, Aerospace Sales Rise Y/Y

Honeywell's (HON) second-quarter 2024 revenues increase 5%, driven by strong momentum in the Aerospace Technologies segment.

https://www.zacks.com/stock/news/2309333/honeywell-hon-q2-earnings-beat-aerospace-sales-rise-yy

Honeywell International (HON) Q2 2024 Earnings Call Transcript

HON earnings call for the period ending June 30, 2024.

https://www.fool.com/earnings/call-transcripts/2024/07/25/honeywell-international-hon-q2-2024-earnings-call/?source=iedfolrf0000001

HON Stock Earnings: Honeywell Intl Beats EPS, Beats Revenue for Q2 2024

Honeywell Intl (NASDAQ:HON) just reported results for the second quarter of 2024. Honeywell Intl reported earnings per share of $2.49. This was above the analyst estimate for EPS of $2.42. The company reported revenue of $9.58 billion. This was 1.77% better than the analyst estimate for revenue of $9.41 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/hon-stock-earnings-honeywell-intl-for-q2-of-2024/

Dow Jumps 200 Points; Honeywell Trims Profit Outlook

U.S. stocks traded mixed this morning, with the Dow Jones gaining over 200 points on Thursday. Following the market opening Thursday, the Dow traded up 0.53% to 40,064.06 while the NASDAQ fell 1.25% to 17,124.88. The S&P 500 also fell, dropping, 0.38% to 5,406.26. Check This Out: Jim Cramer: This Tech Stock Is ‘Absolutely Terrific,’ But Jumia? It’s Not Making A Lot Of Money Leading and Lagging Sectors Real estate shares jumped by 1.4% on Wednesday. In trading on Wednesday, information technology shares fell by 2.5%. Top Headline Honeywell International Inc . (NASDAQ: HON ) reported second-quarter results and lowered FY24 EPS guidance. Adjusted EPS was $2.49 (+8% Y/Y), beating the consensus of $2.42. Revenue grew 5% Y/Y (organic: +4% Y/Y) to $9.58 billion, beating the consensus of $9.41 billion. The company raised sales growth to $39.10 billion-$39.70 billion (from $38.5 billion – $39.3 billion) versus the consensus of $38.76 billion. Honeywell lowered adjusted EPS guidance to $10.05-$10.25 (from $10.15-10.45) versus the estimate of $10.25.

https://www.benzinga.com/news/earnings/24/07/39961101/dow-jumps-200-points-honeywell-trims-profit-outlook

Earnings: Honeywell reports higher sales and net profit for Q2 2024

Engineering company Honeywell International Inc. (NASDAQ: HON) Thursday reported an increase in earnings and sales for the second quarter of 2024. At $9.6 billion, total sales were up 5% in the […] The post Earnings: Honeywell reports higher sales and net profit for Q2 2024 first appeared on AlphaStreet .

https://news.alphastreet.com/earnings-honeywell-reports-higher-sales-and-net-profit-for-q2-2024/

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Honeywell International Inc. Price History

28.07.2023 - HON Stock was up 1.3%

• Quantum computing stocks gaining attention: The article about quantum computing stocks suggests that advancements in this industry could have sparked investor interest in HON, leading to a bullish movement.
• Oversold blue-chip stocks rebounding: The article mentioning oversold blue-chip stocks indicates that there could be a rebound in the market, and HON being a blue-chip stock might have benefited from this sentiment.
• No direct news about HON: None of the articles directly mention HON or any news specific to the company. Therefore, it is likely that the bullish movement in HON is driven by broader market factors and investor sentiment.
• In conclusion, the bullish movement in HON could be attributed to the attention on quantum computing stocks and the potential rebound of oversold blue-chip stocks in the market. However, it is important to note that there is no direct news about HON in the provided articles.

13.08.2023 - HON Stock was up 3.2%

• The bullish movement in HON's stock could be attributed to positive news and developments surrounding the company.
• The selection of Honeywell's Fly-by-Wire system by Heart Aerospace for its electric airplane project could have generated optimism among investors.
• The partnership between Honeywell and the National Renewable Energy Lab (NREL) to scale hydrogen fuel storage solutions for Uncrewed Aerial Vehicles (UAVs) may have also contributed to the positive sentiment.
• It is worth noting that there were no significant negative news articles or events mentioned that could have caused a bearish market movement for HON.

27.06.2023 - HON Stock was down 4.2%

• Honeywell reported second-quarter sales that missed the consensus, causing a negative impact on the stock.
• Despite beating the consensus on adjusted EPS, the slight miss in revenue led to a decline in the stock.
• Weakness in safety and productivity offset the continued strength in aerospace, contributing to the bearish movement.
• The company slightly increased its guidance for adjusted EPS and sales for 2023, but it was not enough to outweigh the negative market sentiment.

25.06.2024 - HON Stock was down 5.1%

• Honeywell (HON) posted strong Q2 earnings surpassing analyst expectations in revenue and EPS, yet its stock saw a bearish trend.
• The market's reaction may stem from Honeywell revising its profit outlook for fiscal year 2024, alongside an increase in sales growth projections.
• Investors seemed troubled by Honeywell's reduced adjusted EPS guidance, potentially impacting the stock’s performance.
• The bearish movement in HON stock might have been influenced by the mixed market performance, with the Dow Jones rising while the NASDAQ and S&P 500 declined.

25.06.2024 - HON Stock was down 5.2%

• Honeywell Intl reported earnings per share of $2.49 for Q2 2024, surpassing analyst estimates, and revenue of $9.58 billion, which also beat expectations.
• Despite the positive earnings report, Honeywell trimmed its profit outlook for FY24, lowering adjusted EPS guidance. This adjustment likely contributed to the bearish movement in the stock.
• The market as a whole was mixed, with the Dow Jones gaining over 200 points while the NASDAQ and S&P 500 experienced declines, indicating a broader market trend that may have influenced HON's movement.
• The discrepancy between the strong earnings report and the lowered profit outlook could have led to investor concerns and prompted the bearish movement in HON's stock price today.

25.06.2024 - HON Stock was down 6.8%

• Honeywell exceeded revenue forecasts in Q2, although there was a decline in the stock likely influenced by the company's revised FY24 EPS guidance.
• Despite surpassing earnings expectations, the market responded unfavorably to the adjusted forward guidance, resulting in the stock's bearish performance.
• Investor focus on emerging sectors like flying cars and a lucrative market potential in the future may have overshadowed Honeywell's current financial results, impacting its stock's downward trajectory.
• Market dynamics like options volatility and expected earnings movements could have also played a role in shaping trading sentiment, leading to a negative impact on Honeywell's stock value despite its positive earnings outcome.