Honeywell Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Honeywell International Inc. (NASDAQ:HON) is anticipated to report higher Q1 earnings on April 25, 2024, with expected earnings of $2.17 per share and revenue of $9.03 billion, up from the previous year. The company also plans to acquire Civitanavi Systems S.p.A. Analyst ratings have varied, with Deutsche Bank downgrading the stock to Hold and Barclays maintaining an Overweight rating.
April 25, 2024 | 7:15 am
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Honeywell is expected to report increased Q1 earnings and revenue, with plans to acquire Civitanavi Systems. Analyst ratings show mixed views, impacting investor sentiment.
The anticipation of higher earnings and revenue signifies positive performance, potentially boosting investor confidence. The acquisition of Civitanavi Systems could further enhance Honeywell's market position. However, mixed analyst ratings, including a downgrade from Deutsche Bank and a price target cut from RBC Capital, may create uncertainty. The overall positive earnings outlook and strategic acquisition are likely to have a more significant impact, suggesting a potential short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100