The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Honeywell International met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share grew.
Margins grew across the board.
Honeywell International reported revenue of $9.58 billion. The 20 analysts polled by S&P Capital IQ anticipated revenue of $9.49 billion on the same basis. GAAP reported sales were 1.1% higher than the prior-year quarter's $9.47 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.10. The 18 earnings estimates compiled by S&P Capital IQ predicted $1.09 per share. GAAP EPS were $0.32 for Q4 versus -$0.40 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.8%, 880 basis points better than the prior-year quarter. Operating margin was 4.1%, 1,020 basis points better than the prior-year quarter. Net margin was 2.6%, 590 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $9.52 billion. On the bottom line, the average EPS estimate is $1.12.
Next year's average estimate for revenue is $39.36 billion. The average EPS estimate is $4.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,231 members out of 1,303 rating the stock outperform, and 72 members rating it underperform. Among 372 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 363 give Honeywell International a green thumbs-up, and nine 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 $69.48.
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