Honeywell International is set to report Q2 earnings on Thursday, with investors focusing on the company's plan to split into three public companies: automation, aerospace, and advanced materials. Wall Street expects earnings per share of $1.74, down from $1.96 in the same period last year. The company's revenue is expected to decline to $5.38 billion from $5.52 billion in the prior-year quarter.
Honeywell International (NASDAQ: HON) is set to report its second-quarter (Q2) earnings on Thursday, with investors closely monitoring the company's strategic overhaul plans. The company aims to split into three public companies focusing on automation, aerospace, and advanced materials. Wall Street analysts expect Honeywell to report earnings per share (EPS) of $2.64, a 6% year-over-year increase, and revenues of $10.02 billion, a 4.6% increase from the prior-year quarter [2].
The company's strategic overhaul is expected to significantly impact its various segments. Analysts forecast 'Net Energy and Sustainability Solutions sales' to reach $1.67 billion, a 4.4% increase year over year. 'Net Sales- Aerospace Technologies' is projected to rise to $4.33 billion, a 11.4% increase from the year-ago quarter. Conversely, 'Net Industrial Automation sales' is expected to decline to $2.24 billion, a 10.8% decrease from the prior-year quarter [2].
Despite the expected decline in certain segments, Honeywell's overall performance has been robust. Over the past month, shares of Honeywell International have returned +6.7% versus the Zacks S&P 500 composite's +5.4% change. The company's Zacks Rank #3 (Hold) suggests that its performance may align with the overall market in the near future [2].
Honeywell's Q2 earnings report will provide further insights into the company's strategic overhaul and its impact on financial performance. Investors will be closely watching for updates on the company's plans to split into three public companies and the potential implications for its stock price and future growth prospects.
References:
[1] https://seekingalpha.com/news/4470731-honeywell-international-s-strategic-overhaul-in-focus-during-q2-earnings
[2] https://finance.yahoo.com/news/exploring-analyst-estimates-honeywell-international-131503635.html
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