BUZZ-Preview: Honeywell's post-split profit expected to decline by 62% year-on-year

October 21 - ** Shares of Honeywell International Inc (HON.O) rose about 0.9% on Wednesday. The company is scheduled to announce quarterly earnings before the market opens on Thursday.

** According to data from London Stock Exchange Group (LSEG), the industrial conglomerate is expected to report adjusted earnings per share of $2.17 for the third quarter, a year-on-year decrease of approximately 61.6%; revenue is projected at $5.01 billion, down 51.9% from the third quarter of 2025.

** LSEG data shows that when Honeywell (HON) released its second-quarter results, its earnings per share (EPS) missed analysts’ estimates for the first time since at least the first quarter of 2021.

** On July 23, HON released its first standalone quarterly report after completing a three-way spinoff. Despite missing analysts' expectations, it raised its full-year profit forecast due to strong demand for industrial and building automation products (link).

** Of the 26 analysts covering HON, 16 rate it as “Buy” or “Strong Buy”, while the remaining 10 recommend “Hold”.

** The median 12-month price target is $262.50, down 3.5% from three months ago (LSEG).

** According to Trade Alert data, HON options imply a possible 5.0% move in the stock—up or down—by this Friday; this is lower than the stock’s average move of 5.3% on earnings days over the past eight quarters.

** So far this year, HON shares have gained 5.2%, while the Dow Jones Index .DJI is up 9.9% year-to-date.

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