Honeywell Intl Q3 2024 Adj. EPS $2.58 Beats $2.50 Estimate, Sales $9.728B Miss $9.901B Estimate
Portfolio Pulse from Benzinga Newsdesk
Honeywell International reported Q3 2024 earnings per share of $2.58, surpassing the analyst estimate of $2.50, marking an 8.4% increase from the previous year. However, sales were $9.728 billion, missing the $9.901 billion estimate, though up 5.6% from last year.
October 24, 2024 | 10:02 am
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Honeywell's Q3 2024 EPS of $2.58 beat expectations, but sales of $9.728B fell short. Despite the sales miss, EPS growth of 8.4% indicates strong profitability.
Honeywell's earnings per share exceeded expectations, which is positive for the stock. However, the sales miss could offset some of the positive sentiment. The overall impact is neutral as the strong EPS growth indicates good profitability, but the sales miss may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100