Earnings Preview: Honeywell International

Honeywell International (HON) is expected to report Q3 earnings before the market open on Friday, October 23 with a conference call scheduled for 8 am ET.

Guidance

Analysts are looking for a profit of 72c on revenue of $7.88B. The consensus range is 65c-78c for EPS, and revenue of $7.62B-$8.05B, according to First Call. When the company reported its Q2 results it announced that it expected Q3 EPS 70c-75c and revenue of $7.7B-$8.1B. Honeywell also gave guidance for FY09 EPS of about $2.85 versus consensus of $2.78, and FY09 revenue of about $31.5B versus consensus of $32.97B. However, the company's CEO tempered the forecast by stating that Honeywell was "not planning for any recovery" in 2009. The company's shares have climbed just over 10% since its last earnings report, to $37.68 from $33.99. However, with over 50% of the company's sales overseas, the general feeling is that the weaker foreign markets could weigh down Honeywell's Q3 results.