Earnings Preview: Honeywell International

| About: Honeywell International, (HON)

Honeywell International (NYSE:HON) is expected to report Q1 earnings before the market open on Thursday, April 21 with a conference call scheduled for 9:30 am ET.

Guidance

Analysts are looking for EPS of 82c on revenue of $8.63B. The consensus range is 79c-85c for EPS, and $8.51B-$8.72B for revenue, according to First Call. The company reported in-line EPS numbers in Q4, and narrowly beat revenue estimates. On its Q4 conference call, the company raised its FY11 EPS guidance to $3.60-$3.80 from $3.50-$3.70. Management said margins would expand in FY11 and cash flow would be strong. On March 8, the company guided Q1 EPS at 80c and revenue at $8.7B. The same day, the board of directors announced a $3B share repurchase program and the CEO said he was "confident in the FY11 outlook and beyond." The shares have traded modestly higher since Q4 results were released in January, making a fresh 52-week high in the process. They are up approximately 50% since August of last year. Investors will determine how much of the good news has been discounted when Honeywell reports on Thursday morning.