Strong aerospace and building technologies demand expected to help Honeywell's Q4
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Honeywell International (NASDAQ:HON) is scheduled to announce Q4 earnings results on Thursday, February 2nd, before market open.
The consensus EPS Estimate is $2.51 (+20.1% Y/Y) and the consensus Revenue Estimate is $9.26B (+7.0% Y/Y).
Over the last 2 years, HON has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 13 upward revisions and 6 downward. Revenue estimates have seen 5 upward revisions and 8 downward.
The industrial conglomerate in late Oct. reported a Q3 adj. EPS beat and a slight miss on revenue, while raising the low end of its guidance for FY adj. EPS.
The company also said that its backlog as of Q3 end was $29.1B, near record levels.
Q3 results had been driven by strong demand in HON's Aerospace segment, helped by a rise in business jet deliveries.
If HON delivers an earnings beat for Q4, it would mean that the company would have posted an earnings beat for every quarter of 2022. 
Last month, UBS downgraded HON and said the company was overvalued and faced a slowdown in global orders. They also said that the conglomerate's "outsized" backlog would protect "near-term results".
In other recent news, HON in Dec. 2022 said it had received court approval of its $1.3B settlement related to its past production of items containing asbestos. 
Other major industrial companies have so far put in a mixed performance in Q4. General Electric (GE) reported a higher profit on strong demand for jet engines. Conversely, Caterpillar (CAT) said its quarterly profit was negatively affected by foreign-exchange moves.
Read a recent analysis on HON by Seeking Alpha contributor Gen Alpha: Honeywell: Buy The Drop On This Industrial Giant.