Honeywell International, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Honeywell International, Inc. (NYSE:HON) will unveil its latest earnings on Friday, October 21, 2011. Honeywell International is a technology and manufacturing company which offers aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers and automotive products.

Honeywell International, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 99 cents per share, a rise of 54.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.02. Between one and three months ago, the average estimate moved down. It has risen from 98 cents during the last month. Analysts are projecting profit to rise by 53.3% versus last year to $3.97.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of $1 per share against a mean estimate of net income of 98 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $9.26 billion in revenue this quarter, a rise of 10.4% from the year ago quarter. Analysts are forecasting total revenue of $36.71 billion for the year, a rise of 10% from last year’s revenue of $33.37 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit rose 73.1% to $810 million ($1.02 a share) from $468 million (60 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.3% to $9.09 billion from $8.16 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 14.6% in the first quarter from the year earlier, climbed 12% in the fourth quarter of the last fiscal year from the year-ago quarter and 9% in the third quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 33.4%. The quarter with the biggest boost was the first quarter, which saw an 82.6% surge.

Competitors to Watch: The Boeing Company (NYSE:BA), United Technologies Corp. (NYSE:UTX), Goodrich Corporation (NYSE:GR), Esterline Tech. Corp. (NYSE:ESL), Triumph Group, Inc. (NYSE:TGI), General Electric Company (NYSE:GE), Rockwell Collins, Inc. (NYSE:COL), HEICO Corporation (NYSE:HEI), and Lockheed Martin Corp. (NYSE:LMT).

Stock Price Performance: During July 22, 2011 to October 17, 2011, the stock price had fallen $8.29 (-14.8%) from $55.99 to $47.70. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011 when shares rose for eight-straight days, rising 14.6% (+$6.17) over that span. It saw one of its worst periods between March 31, 2011 and April 13, 2011 when shares fell for 10-straight days, falling 4% (-$2.37) over that span. Shares are down $4.47 (-8.6%) year to date.

(Source: Xignite Financials)

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