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Analyzing Honeywell’s Performance since Its Q3 Earnings


Jan. 31 2019, Updated 9:16 a.m. ET

Honeywell’s fourth-quarter earnings

Honeywell (HON) is scheduled to announce its fourth-quarter earnings on February 1 before the market opens. The company plans to hold a conference call at 8:30 AM EST on February 1. In this series, we’ll discuss how Honeywell stock has performed since its third-quarter earnings, analysts’ revenue and EPS estimates, and analysts’ recommendations.

Honeywell announced its third-quarter earnings on October 19. Since then, the stock has fallen ~3.6%. United Technologies (UTX), Textron (TXT), and General Electric (GE) have fallen 7.4%, 5.8%, and 21.5%, respectively. Honeywell marginally underperformed the S&P 500 (SPY), which has declined 3.1% during the same period.

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The recent sell-off in the stock market caused the stock price to decline. During the quarter, Honeywell acquired Transnorm. Honeywell has also bagged several new orders, which makes its backlogs strong and helps drive future growth. The company has also entered a few collaborations to boost its future growth. A strong fourth quarter after the spin-off could drive the stock up and wipe out the decline.

Moving averages and relative strength index

As the fourth-quarter earnings release approaches, Honeywell stock traded 1.7% below its 100-day moving average of $145.78. The company’s 14-day RSI (relative strength index) score of 63 suggests that it isn’t overbought or oversold. An RSI score below 30 indicates that a stock might be oversold, while an RSI score above 70 indicates that a stock might be overbought.


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