Honeywell Intl Q4 Adj. EPS $2.60 Beats $2.59 Estimate, Sales $9.44B Miss $9.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Honeywell International Inc. (HON) reported Q4 adjusted earnings per share (EPS) of $2.60, slightly above the consensus estimate of $2.59, marking a 3.17% year-over-year increase. However, its quarterly sales of $9.44 billion fell short of the expected $9.70 billion, a 2.68% miss, though it represents a 2.77% increase from the previous year.
February 01, 2024 | 11:04 am
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Honeywell Intl reported Q4 EPS of $2.60, surpassing estimates, and sales of $9.44B, missing expectations but showing year-over-year growth.
The slight beat in EPS could be seen positively by investors, indicating operational efficiency and profitability. However, the miss in sales forecasts might raise concerns about demand and market growth, potentially offsetting the positive EPS impact. Given these mixed signals, a neutral short-term impact on HON's stock price is anticipated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100