Honeywell Q1 2023 Earnings Preview
Honeywell (NASDAQ:HON) is scheduled to announce Q1 earnings results on Thursday, April 27th, before market open.
The consensus EPS Estimate is $1.93 (+1.0% Y/Y) and the consensus Revenue Estimate is $8.51B (+1.6% Y/Y).
Over the last 2 years, HON has beaten EPS estimates 100% of the time and has beaten revenue estimates 50% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 16 downward. Revenue estimates have seen 2 upward revisions and 10 downward.
Deutsche Bank analyst Nicole Deblase lowered the price target on Honeywell to $228 from $235 and maintains a Buy rating on the shares. The profit outlook for the multi-industry group is "undeniably challenging" due to the macro environment. However, the business does not expect this quarter to provide much fresh information in the larger recession discussion. Industrial investors are expected to remain cautious in the face of this environment.
So far this year, shares lost around 10% of its value.

"The company has attractive drivers for long-term investors," says SA contributor Dhiren Bechai.