Honeywell International (NYSE: HON ) is expected to report Q3 earnings on Oct. 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Honeywell International's revenues will grow 2.3% and EPS will increase 29.9%.
The average estimate for revenue is $9.51 billion. On the bottom line, the average EPS estimate is $1.13.
Revenue details
Last quarter, Honeywell International logged revenue of $9.44 billion. GAAP reported sales were 3.8% higher than the prior-year quarter's $9.09 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $1.14. GAAP EPS of $1.14 for Q2 were 12% higher than the prior-year quarter's $1.02 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 26.6%, 10 basis points worse than the prior-year quarter. Operating margin was 13.6%, 70 basis points better than the prior-year quarter. Net margin was 9.6%, 70 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $38.10 billion. The average EPS estimate is $4.50.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,225 members out of 1,298 rating the stock outperform, and 73 members rating it underperform. Among 334 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 324 give Honeywell International a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Honeywell International is outperform, with an average price target of $66.95.
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