In earnings this morning they produced good numbers but revenue was just a bit light and that has the stock lower today.
Honeywell reported earnings of $2.02 per share on revenue of $8.5 billion. The consensus was $2.01 per share on revenue of $8.7 billion. They did though raise their outlook for 2021 to $8.00 to $8.10 a share on revenue of $34.2 billion to $34.6 billion. The company’s previous guidance was earnings of $7.95 to $8.10 per share on revenue of $34.60 billion to $35.20 billion. You can see the problem both with the revenue number for this quarter and the revenue number for the year. That is what has some investors selling the stock.
Here are two trades setup in Honeywell Stock (HON) along with comments on a possible third trade to be entered next week.
The rest of this trade alert and ideas article is for FullyInformed Members.
Honeywell Stock (HON) – 6th Trade Alert and Idea for Fri Oct 22 2021
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