Earnings Preview: Honeywell International

| About: Honeywell International, (HON)

Honeywell International (NYSE:HON) is expected to report Q2 earnings before the market open on Friday, July 22 with a conference call scheduled for 9:30 am ET.

Guidance

Analysts are looking for EPS of 98c on revenue of $9.27B. The consensus range is 96c-$1.00 for EPS, and $8.90B-$9.44B for revenue, according to First Call. The company reported better-than-expected results in Q1, beating EPS and revenue estimates. On its Q1 earnings report, the company raised its FY11 EPS view to $3.80-$3.95 from prior $3.60-$3.80. It also raised FY11 revenue estimates to $36B-$36.6B from prior $35B-$36B. Management said organic sales growth, margin expansion, and long-cycle backlog all continued to exceed expectations. The shares have traded mostly sideways since Q1 results were released, but did make a fresh 52-week high of $62.27 in late April. 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 Friday morning.

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Tagged: , Aerospace/Defense Products & Services, Earnings
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