Honeywell’s Stock Performance since Its 1Q17 Earnings



Honeywell to announce 2Q17 earnings

Honeywell (HON) plans to announce its 2Q17 earnings on July 21, 2017, before the market opens. Honeywell’s management scheduled a conference call to discuss the results at 9:30 a.m. EDT that day.

In this series, we’ll look into Honeywell’s stock performance since its 1Q17 earnings, analysts’ revenue and EPS estimates, analysts’ recommendations, and its latest valuations compared with its peers.

Honeywell declared its 1Q17 earnings on April 21, 2017. Since then, the company has gained 6.5%. The gains in the stock were primarily driven by its 1Q17 earnings, which beat analysts’ estimates. Further, Honeywell raised the low end of its fiscal 2017 earnings per share (or EPS).

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According to its latest guidance, Honeywell expects its fiscal 2017 EPS to be $6.90–$7.10. During this period, HON outperformed the broad-based SPDR S&P 500 ETF (SPY), which returned 4.2%. HON’s peers United Technologies (UTX), Textron (TXT), and General Electric (GE) returned 7.0%, 5.4%, and -9.3%, respectively.

Moving averages and relative strength index

Gains in Honeywell stock resulted in the stock trading 4.5% above its 100-day moving average price of $129.49. Honeywell’s 14-day relative strength index (or RSI) of 60 indicates that the stock is neither overbought nor oversold.

An RSI of 70 and above indicates that the stock is overbought, and an RSI of 30 and below indicates that the stock is oversold.


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