Honeywell International (HON) is expected to report Q2 earnings before the market open on Friday, July 23 with a conference call scheduled for 8:00 am ET.
Analysts are looking for EPS of 57c on revenue of $8.0B. The consensus range is 54c-62c for EPS, and $7.79B-$8.18B for revenue, according to First Call. The company reported positive Q1 results, beating EPS and revenue estimates. It also raised its FY10 EPS, revenue, and cash flow guidance.
On June 24, the stock was initiated with a Buy rating at CLSA and a price target of $54. Despite the positive outlook, the shares have lost approximately 9% since Q1 results were released. Macroeconomic concerns about the viability of a second half recovery may have played a role in the recent decline.