Will Honeywell Q2 performance be dented by constrained supply chain?
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Diversified technology and manufacturing company, Honeywell (NASDAQ:HON) is scheduled to announce Q2 earnings results on Thursday, July 28th, before market open.
The consensus EPS Estimate is $2.03 (+0.5% Y/Y) and the consensus Revenue Estimate is $8.67B (-1.6% Y/Y).
Segment wise expectations: Aerospace net sales could see a 4.4% rise; high backlog levels are expected to have aided the Building Technologies performance; Safety and Productivity Solutions performance could be affected by low demand across its personal protective equipment and warehouse automation businesses.

Overall dented production capabilities due to constrained supply chain, inflated raw material cost could impact results.

During Q1, revenue saw a marginal dip of 1% to $8.38B, orders surged 13%. In Q1 earnings report, FY 2022 guidance was raised for adjusted EPS to $8.50-$8.80 (consensus $8.69); revenues seen coming in at $35.5B-$36.4B (consensus $35.97B). Find more details in company presentation.




Analyst rating: Bank of America upgrades shares to Buy from Neutral with a $210 price target, saying the company has executed well recently in the volatile macro environment.
 BofA's Andrew Obin said company was one of the few stocks in his coverage area to beat and raise in Q1 while seeing Q2 earnings as a likely positive catalyst
Over the last 2 years, HON has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 7 upward revisions and 12 downward. Revenue estimates have seen 3 upward revisions and 11 downward.
Contributor comments on the stock look like: 'The company has become more profitable and its balance sheet is in good shape.' and 'We think Honeywell is worth $194 per share, materially higher than where shares are trading at the time of this writing.'

Quant rating of the stock is at Hold and score of 3.20, with highest factor marks given to profitability.
Among peers: 3M edged past Q2 earnings estimates, plans healthcare spinoff; GE scaled on Q2 cash flow surprise;

Comparative price performance of the stock against its peers looks like: