Honeywell Likely To Report Higher Q3 Revenue; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Honeywell International Inc. (NYSE:HON) is expected to report higher Q3 revenue of $9.23 billion, up from $8.98 billion in the year-ago period. However, earnings per share are expected to be slightly lower at $2.23, down from $2.25. The company recently realigned its business segments to drive growth. Honeywell's stock fell 1.9% to close at $178.09 on Wednesday. Several analysts have recently adjusted their price targets for the company.
October 26, 2023 | 6:55 am
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Honeywell is expected to report higher Q3 revenue but slightly lower earnings per share. The company's stock fell 1.9% recently. Several analysts have adjusted their price targets for Honeywell.
The news is directly about Honeywell's upcoming earnings report and recent stock performance. The expected increase in revenue could be positive for the stock, but the expected decrease in earnings per share and recent fall in stock price could be negative. The various price target adjustments by analysts also add uncertainty.
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IMPORTANCE 80
RELEVANCE 100