Honeywell Raises Lower End of Guidance: Adj. EPS $9.05 - $9.25 (From $9.00 - $9.25 Prior) Vs. $9.15 Estimate, Revenue $36.7B - $37.3B (From $36.5B - $37.3B Prior) Vs. $37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Honeywell has raised the lower end of its full-year 2023 guidance. The adjusted EPS is now expected to be between $9.05 and $9.25, up from the previous range of $9.00 to $9.25. The revenue forecast has also been increased to a range of $36.7B to $37.3B, up from $36.5B to $37.3B.
July 27, 2023 | 10:34 am
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Honeywell's upward revision of its 2023 guidance could lead to increased investor confidence and potentially a short-term rise in the stock price.
Honeywell's decision to raise the lower end of its 2023 guidance indicates a positive outlook for the company's future performance. This could increase investor confidence in the company, potentially leading to increased demand for the stock and a short-term rise in the stock price.
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IMPORTANCE 80
RELEVANCE 100