Honeywell's post-spinoff earnings seen dropping 62% year over year
HON•Honeywell is expected to report adjusted third-quarter earnings per share of $2.17, down 61.6% year over year, and revenue of $5.01 billion, down 51.9%.
1. Quarterly estimates
Honeywell shares rose about 0.9% Wednesday ahead of results due before Thursday's opening bell. Analysts expect adjusted earnings per share of $2.17 and revenue of $5.01 billion for the quarter.
2. Prior results and outlook
In its first quarterly report as a standalone company after a three-way split, Honeywell missed analyst estimates but raised its full-year profit targets, citing resilient demand for industrial and building automation products. The company also missed earnings-per-share estimates with its second-quarter results, its first such miss since at least the first quarter of 2021.
