Honeywell: EPS target range lowered for 2024
(CercleFinance.com) - On announcing its quarterly results, Honeywell said that it is cutting its earnings targets for FY 2024, now anticipating adjusted EPS of $10.
05 to $10.25, rather than $10.15 to $10.45. NB: pmt -4.5%.
Similarly, the industrial group now expects only a segment margin of between 23.3% and 23.5%, despite a revenue forecast raised to between $39.1bn and $39.7bn (from $38.5bn to $39.3bn in previous estimates).
Honeywell posted Q2 adjusted EPS that rose 8% to $2.49, exceeding its target range, with segment margins down 0.1 point to 23% on revenues that are up 5% to $9.58bn (+4% organic).
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05 to $10.25, rather than $10.15 to $10.45. NB: pmt -4.5%.
Similarly, the industrial group now expects only a segment margin of between 23.3% and 23.5%, despite a revenue forecast raised to between $39.1bn and $39.7bn (from $38.5bn to $39.3bn in previous estimates).
Honeywell posted Q2 adjusted EPS that rose 8% to $2.49, exceeding its target range, with segment margins down 0.1 point to 23% on revenues that are up 5% to $9.58bn (+4% organic).
Copyright (c) 2024 CercleFinance.com. All rights reserved.