Honeywell International Inc. HON shares soared 8.9% in the last trading session to close at $199.10. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.3% loss over the past four weeks.
Honeywell’s rally is buoyed by optimism regarding the Trump administration’s announcement of a temporary halt on reciprocal tariffs for dozens of countries. The market is also upbeat about the company’s recent corporate update. Honeywell appointed Su Ping Lu to be the new Senior Vice President, General Counsel and Corporate Secretary, effective May 5, 2025.
This company is expected to post quarterly earnings of $2.21 per share in its upcoming report, which represents a year-over-year change of -1.8%. Revenues are expected to be $9.58 billion, up 5.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Honeywell International, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HON going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Honeywell International is part of the Zacks Diversified Operations industry. Griffon (GFF), another stock in the same industry, closed the last trading session 10% higher at $72.17. GFF has returned -5% in the past month.
For Griffon
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Honeywell International Inc. (HON): Free Stock Analysis Report Griffon Corporation (GFF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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