Investors are Closely Watching These 2 Industrial Goliaths Before Earnings

Honeywell International, Inc. (NYSE:HON) will unveil its latest earnings on Friday, October 21, 2011. 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.

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. 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.

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).

Caterpillar, Inc. (NYSE:CAT) will unveil its latest earnings on Monday, October 24, 2011. The average estimate of analysts is for profit of $1.59 per share, a rise of 30.3% 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 $1.80. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.59 during the last month. For the year, analysts are projecting net income of $6.78 per share, a rise of 61.8% from last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported profit of $1.72 per share versus a mean estimate of net income of $1.77 per share. In the first quarter, the company beat estimates by 53 cents. Analysts are projecting a rise of 34.8% in revenue from the year-earlier quarter to $15 billion.

Competitors to Watch: Deere & Company (NYSE:DE), General Electric Company (NYSE:GE), Astec Industries, Inc. (NASDAQ:ASTE), Columbus McKinnon Corp. (NASDAQ:CMCO), Manitowoc Company, Inc. (NYSE:MTW), Cummins Inc. (NYSE:CMI), CNH Global N.V. (NYSE:CNH), Navistar Intl. Corp. (NYSE:NAV), Terex Corporation (NYSE:TEX), Joy Global (NASDAQ:JOYG) and Lindsay Corporation (NYSE:LNN).