{"id":48403,"date":"2024-04-25T11:51:36","date_gmt":"2024-04-25T11:51:36","guid":{"rendered":"https:\/?p=48403"},"modified":"2024-04-25T11:51:36","modified_gmt":"2024-04-25T11:51:36","slug":"honeywell-q1-earnings-beats-estimates-backlog-hits-32-billion","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/honeywell-q1-earnings-beats-estimates-backlog-hits-32-billion\/","title":{"rendered":"Honeywell Q1 Earnings: Beats Estimates, Backlog Hits $32 Billion"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/HON\">Honeywell International Inc (HON: NSD<\/a><\/strong>) kicked off 2024 with a bang, exceeding analyst expectations for both revenue and earnings per share (EPS) in the first quarter.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Key Insights from Honeywell\u2019s Q1 Report:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Honeywell reported first-quarter revenue of $9.1 billion, exceeding analyst expectations by $70 million. This represents a 3% year-over-year increase. The company also impressed on the profitability front, with EPS of $2.25 surpassing estimates by $0.08. This robust financial performance has fueled a more than 2% increase in Honeywell&#8217;s stock price during early trading today.<\/span><\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/HON\" target=\"_blank\" rel=\"noopener\">HON Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"HON\" data-theme=\"wt_bg_trans\" data-uid=\"1804197611662a43413330b662a43413330c\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">The positive results were driven by strong performance across all of Honeywell&#8217;s key business segments. The company&#8217;s Aerospace Technologies, Energy and Sustainability Solutions, and Connected Enterprise offerings all experienced growth in Q1. This diversification positions Honeywell for continued success in a dynamic market.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Market Reaction and Future Outlook:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Honeywell&#8217;s impressive quarter wasn&#8217;t just about the current results. The company also reported a significant increase in new orders, resulting in a ballooning order backlog of $32 billion. This healthy backlog indicates sustained demand for Honeywell&#8217;s products and services throughout the year. Notably, the company reaffirmed its financial outlook for the full year, demonstrating confidence in its ability to maintain this momentum.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Conclusion:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The company expects full-year sales to grow by 4% to 6%, reaching a range of $38.1 billion to $38.9 billion. Similarly, earnings per share (EPS) are anticipated to be in the $9.80 to $10.10 range, reflecting a growth of 7% to 10%.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Honeywell International Inc (HON: NSD) kicked off 2024 with a bang, exceeding analyst expectations for both revenue and earnings per share (EPS) in the first&#8230;<\/p>\n","protected":false},"author":17,"featured_media":3787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Honeywell Q1 Earnings: Beats Estimates, Backlog Hits $32 Billion<\/title>\n<meta name=\"description\" content=\"Honeywell crushes Q1 estimates &amp; raises order backlog to $32B. 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