Earnings Preview: Honeywell International

| About: Honeywell International, (HON)

Honeywell International (NYSE:HON) is expected to report Q3 earnings before the market open on Friday, October 21 with a conference call scheduled for 9:30 am ET.

Guidance

Analysts are looking for EPS of $1.00 on revenue of $9.27B. The consensus range is 96c-$1.02 for EPS, and $9.11B-$9.45B for revenue, according to First Call. The company reported mixed results in Q2, beating EPS and missing revenue estimates. On its Q2 earnings report, the company raised its FY11 EPS view to $3.85-$4.00 from prior $3.80-$3.95. Management noted they were "confident" in the FY11 outlook, and expected good organic growth in the second half of FY11. They also targeted double digit earnings growth in FY12. The shares have traded modestly lower since Q2 results were released, but did make a fresh 52-week high of $62.27 in late April. They are virtually flat on a year-over-year basis. Sentiment on the Street has been mixed over the past three months.

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Tagged: , Aerospace/Defense Products & Services, Earnings
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