‘s coming 2023 guidance should give investors an important look into several key industrial markets in 2023. They could boost
‘s stock too.
The conglomerate reports fourth-quarter earnings Thursday morning. Wall Street is looking for earnings per share of $2.51 from $9.3 billion in sales.
In the fourth quarter of 2021,
(ticker: HON) reported $2.09 a share from $8.7 billion in sales.
Looking ahead, Wall Street expects Honeywell to generate earnings per share of $9.14 from sales of $37 billion in 2023. Earnings and sales are expected to rise about 4.5% and 4.2%, respectively.
Sales in Honeywell’s aerospace division are expected to rise about 8% in 2023, as global air traffic continues to recover from Covid-induced declines.
Sales at Honeywell’s commercial buildings are expected to rise about 5%. Sales of energy-linked businesses are expected to rise about 6% in 2023 after rising 7% in 2022.
Sales in the company’s safety and productivity solutions business are expected to drop about 4%. That business makes N-95 masks for Covid protection among many other things. Mask sales have been falling.
Options markets imply shares will move about 3%, up or down, following earnings. Shares moved an average of 4%, up or down, following the past four quarterly reports. Shares have risen three times and fallen once.
Management hosts a conference call at 8:30 a.m. Eastern time to discuss results.
Coming into earnings, Honeywell stock is down about 4% year to date.
Shares are up 1% over the past 12 months thought. That’s about 10 percentage points better than the
and about 5 percentage points better than the
Dow Jones Industrial Average.
Write to Al Root at email@example.com