Top Wall Street Forecasters Revamp Honeywell Expectations Ahead Of Q3 Earnings
Key takeaways
- Honeywell’s earnings and revenue outlook has been sharply revised downward, with analysts trimming price targets, setting the stage for potential price pressure around the earnings announcement.
- Q3 EPS forecast: $2.16
- Q3 revenue forecast: $5.01 billion
- Year‑ago EPS: $5.64
What happened
Honeywell International Inc. (NASDAQ: HON) is set to report its third‑quarter earnings on Thursday, Oct. 22, with analysts forecasting earnings of $2.16 per share versus $5.64 a year earlier and revenue of $5.01 billion versus $10.41 billion last year. The company raised its FY26 adjusted earnings guidance after a stronger second‑quarter, and its shares closed up 0.7% at $214.73 on Wednesday. Several top analysts have trimmed or adjusted price targets, with Mizuho cutting to $255, Citigroup to…
Why it matters
The earnings cut reflects a significant decline in quarterly profitability, which could signal tightening margins or slower demand in Honeywell’s industrial segments. The revenue drop to roughly half of last year’s level highlights a potential slowdown in the company’s core businesses. The guidance revision and…
Short-term and longer-term
Short-term. In the next few days, traders should watch for the Q3 earnings release and any guidance updates.
Longer-term. Over the coming months, investors will need to reassess Honeywell’s long‑term growth trajectory given the lower quarterly outlook and target cuts.