BUZZ-PREVIEW: Honeywell seen posting 5% y/y revenue increase - China's rare earth export restrictions eyed

Reuters
29 Apr
BUZZ-PREVIEW: Honeywell seen posting 5% y/y revenue increase - China's rare earth export restrictions eyed

** Shares of Honeywell International HON.O down 0.5% on Mon ahead of quarterly results due before the bell Tues

** Industrial conglomerate seen posting Q1 adj EPS of $2.21, a 1.7% y/y decrease, on rev of $9.59 bln vs. $9.11 bln in Q1 2024, according to LSEG data

** HON has beaten or met EPS estimates every qtr going back to at least Q1 2020, per LSEG

** On April 4, Beijing retaliated against President Donald Trump's tariffs on Chinese goods by placing export restrictions on rare earth metals, a concern for some U.S. aerospace manufacturers who source them from China

** On February 6, co issued disappointing 2025 profit and revenue forecasts; announced it would split its aerospace and automation units into separate businesses

** Of 27 analysts covering HON, 14 rate stock "buy" or stronger, remaining 13 recommend "hold"

** Median 12-mo PT of $222.73 down 7.2% from 3 mths ago. Stock last traded at $198.08

** HON shares now down ~12% YTD compared with the Dow's .DJI about 6% slide over the same time period

(Reporting by Stephen Culp)

((stephen.culp@thomsonreuters.com; 646-223-6076;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10