Honeywell Intl Lowers FY2024 Adj EPS Guidance $10.15-10.45 to $10.05-$10.25 vs $10.25 Est; Raises FY2024 Sales Guidance from $38.50B-$39.30B to $391.10B-$39.70B vs $38.76B Est
Portfolio Pulse from Benzinga Newsdesk
Honeywell International has adjusted its FY2024 guidance, lowering its adjusted EPS forecast from $10.15-$10.45 to $10.05-$10.25, while raising its sales guidance from $38.50B-$39.30B to $39.10B-$39.70B.
July 25, 2024 | 10:07 am
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Honeywell International has lowered its FY2024 adjusted EPS guidance from $10.15-$10.45 to $10.05-$10.25, while raising its sales guidance from $38.50B-$39.30B to $39.10B-$39.70B.
The mixed guidance update from Honeywell International, with a lowered EPS forecast but higher sales guidance, suggests a neutral short-term impact on the stock price. Investors may weigh the positive sales outlook against the reduced earnings expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100