Earnings Preview: Honeywell International

Oct.21.10 | About: Honeywell International, (HON)

Honeywell International (NYSE:HON) is expected to report Q3 earnings before the market open on Friday, October 22 with a conference call scheduled for 8:00 am ET.

Guidance

Analysts are looking for EPS of 63c on revenue of $8.22B. The consensus range is 59c-67c for EPS, and $8.08B-$8.35B for revenue, according to First Call. The company reported positive Q2 results, beating both EPS and revenue estimates. Since then, the shares have advanced approximately 10% and have moved higher by nearly 22% since late August.

Analyst Views

Several contract awards and positive sentiment on the street have pushed the shares higher. Nomura initiated the shares with a Buy rating and target price of $54 on October 13. The shares are approaching their 52-week high of $48.63 made in early May. Investors will need exceptional earnings numbers to push the price above that level.