Honeywell Earnings Are Good. The Stock Isn't Up.

Industrial firm Honeywell International reported third-quarter earnings that beat estimates. Guidance was fine, too.

Honeywell also narrowed the earnings-per-share guidance range for 2023 to $9.10 to $9.20, keeping a midpoint of $9.15. That implies fourth-quarter earnings per share of about $2.60, while the consensus estimate is just under $2.60, according to FactSet. Management’s goal for segment operating-profit margins is 25%. This year, Honeywell is expected to produce average profit margins of about 22.5%.

Newsletter Sign-up Through Wednesday’s close, Honeywell stock is down about 6% over the past 12 months, while the S&P 500 and Dow Jones Industrial Average are up about 9% and 4%, respectively.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Honeywell Reports Earnings Soon. What to Expect.After a relatively weak year for the stock, investors will be hoping for a post-earnings bounce.
Source: MarketWatch - 🏆 3. / 97 Read more »

Trading Earnings Season: 3 Steps for Using Earnings ReportsLearn how to trade earnings season, with tips on choosing companies and researching market conditions to establishing a strategy.
Source: DailyFX - 🏆 305. / 63 Read more »

Meta to report third-quarter earnings after the bellWall Street is expecting Meta to show accelerating revenue growth after a tough stretch for the company's advertising business
Source: CNBC - 🏆 12. / 72 Read more »

Meta to report third-quarter earnings after the bellWall Street is expecting Meta to show accelerating revenue growth after a tough stretch for the company’s advertising business
Source: NBCNewYork - 🏆 270. / 63 Read more »

Meta to report third-quarter earnings after the bellWall Street is expecting Meta to show accelerating revenue growth after a tough stretch for the company’s advertising business
Source: NBCLA - 🏆 319. / 59 Read more »