Honeywell International HON reported its Q4 earnings results on Thursday, February 3, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Honeywell International beat estimated earnings by 0.97%, reporting an EPS of $2.09 versus an estimate of $2.07, which did not surprise analysts.
Revenue was up $243.00 million from the same period last year.
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Past Earnings Performance
Last quarter the company beat on EPS by $0.03, which was followed by a 3.17% drop in the share price the next day.
Here's a look at Honeywell International's past performance:
Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
---|---|---|---|---|
EPS Estimate | 1.99 | 1.94 | 1.80 | 2 |
EPS Actual | 2.02 | 2.02 | 1.92 | 2.07 |
Revenue Estimate | 8.65B | 8.63B | 8.09B | 8.40B |
Revenue Actual | 8.47B | 8.81B | 8.45B | 8.90B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Honeywell International management provided guidance for their next quarter, expecting earnings between $8.4 and $8.7 per share for the next quarter.
This represents a 309.09% in quarter-over-quarter growth for Honeywell International, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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