Honeywell Updates 2024 Outlook: Now Sees Adj EPS Of $10.15-$10.25 (Prior $10.05-$10.25) Vs. $10.13 Est.; Lowers Sales Guidance To $38.6B-$38.8B (Prior $39.1B-$39.7B) Vs. $39.204B Est.
Portfolio Pulse from Benzinga Newsdesk
Honeywell has updated its 2024 financial outlook, slightly increasing its adjusted EPS guidance to $10.15-$10.25 from $10.05-$10.25, but lowering its sales guidance to $38.6B-$38.8B from $39.1B-$39.7B. The company also adjusted its organic growth and cash flow expectations.
October 24, 2024 | 10:09 am
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Honeywell has revised its 2024 outlook, increasing its adjusted EPS guidance slightly while lowering its sales guidance. This indicates a mixed outlook with potential pressure on revenue but stable earnings.
The increase in adjusted EPS guidance suggests confidence in profitability, but the lowered sales guidance indicates potential challenges in revenue growth. This mixed outlook may lead to a neutral short-term impact on Honeywell's stock price as investors weigh the positive earnings against the negative sales forecast.
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IMPORTANCE 80
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