Honeywell’s earnings will be less than previously thought: BofA
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Honeywell International (NASDAQ:HON) this week announced a plan to reorganize the company and divest units that make up about 10% of its revenue. These changes had been expected, analysts at financial-services firm Bank of America said while also lowering their earnings estimates for Honeywell (HON).
The bank cut its estimate for Honeywellâs (HON) earnings per share to $10.08 from $10.40 in 2024, and to $11.29 from $11.50 in 2025.
The revisions include estimates for payments from Zebra Technologies, which last year settled a patent-infringement lawsuit with Honeywell (HON). 
âWe are adjusting our 2024 estimates to account for company commentary on Zebra payments and an estimated approximately $27 million year-over-year pension income headwind (based on 10-K disclosures and the current corporate AA-bond yield),â Andrew Obin, analyst at BofA, said in an October 10 report. âOur estimate reflects approximately 2.5% year-over-year growth in price and 3.9% year-over-year volume growth to yield 6.4% year-over-year organic growth.â

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