Inside Honeywell’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component Honeywell International, Inc. (NYSE:HON) will unveil its latest earnings on Friday, July 22, 2011. Honeywell International Inc. 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 profit of 98 cents per share, a rise of 63.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 94 cents. For the year, analysts are projecting net income of $3.97 per share, a rise of 53.3% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 7 cents, reporting profit of 88 cents per share against a mean estimate of net income of 81 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $9.27 billion in revenue this quarter, a rise of 13.6% from the year ago quarter. Analysts are forecasting total revenue of $36.83 billion for the year, a rise of 10.4% from last year’s revenue of $33.37 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 14.6% to $8.91 billion in first quarter. The figure rose 12% in the fourth quarter of the last fiscal year from the year earlier, climbed 9% in the third quarter of the last fiscal year from the year-ago quarter and 7.9% in the second quarter of the last fiscal year.

The increase in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose 82.6%, while the figure dropped 4.2% in the fourth quarter of the last fiscal year and 17.9% in the third quarter of the last fiscal year.

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 May 19, 2011 to July 18, 2011, the stock price had fallen $2.92 (-4.9%) from $59.49 to $56.57. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 20, 2010 when shares rose for eight-straight days, rising 5.6% (+$2.30) 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% (-$2.38) over that span. Shares are up $4.02 (+7.6%) year to date.

(Source: Xignite Financials)

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