Honeywell’s earnings date

In a press release on September 14, Honeywell (HON) announced that it’s scheduled to release its third-quarter earnings on October 19. The earnings will likely be declared before the NYSE opens. Honeywell is scheduled to hold a conference call at 8:30 AM EST on October 19 to discuss the results with investors.

Honeywell Announced the Date for Its Q3 2018 Earnings

In the third quarter, analysts’ consensus on Honeywell indicates that the company could report revenues of $10.74 billion—an increase of ~6.2% over the previous year. The impact of the planned spin-off shouldn’t impact Honeywell’s revenues in the third quarter. The impact will likely be visible in the fourth quarter. Honeywell announced the key dates for the spin-off of Garrett Motion, which will trade under the “GTX”  symbol. The key dates for the spin-off of Resideo haven’t been announced. Resideo will trade under the symbol “REZI.”

Stock price movement

Honeywell continued its upward trend, gained ~1.4%, and closed at $165.11 for the week ending September 14. The stock traded 8.9% above its 100-day moving average price of $151.64, which indicates an upward trend for the stock. Honeywell underperformed the Invesco Aerospace & Defense ETF (PPA), which rose ~2.5%. PPA invests 7.25% of its portfolio in Honeywell.

On a year-to-date basis, Honeywell has gained ~7.7%. United Technologies (UTX), Textron (TXT), and Boeing (BA) have risen 8.0%, 24.7%, and 22.0%, respectively. However, investors should watch Honeywell because its 14-day RSI (relative strength index) is at 69. The stock is very close to being overbought. An RSI of 70 and above shows that a stock has temporarily moved into the “overbought” position, while an RSI of 30 and below indicates that a stock has temporarily moved into the “oversold” position.

Latest articles

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.

Nio Inc. (NIO) has disrupted the automotive space since 2014 but only made waves in the market since its IPO. Investors have suffered numerous setbacks.