RPT-BUZZ-PREVIEW: Honeywell seen posting 11% year-on-year EPS slide

Repeats Buzz published on Wednesday with no changes

Shares of Honeywell International HON.O down about 1% on Weds ahead of quarterly results due before the bell Thurs

Industrial conglomerate seen posting Q4 adj EPS of $2.32, a 10.7% y/y decrease, on rev of $9.83 bln vs. $9.44 bln in Q4 2023, according to LSEG data

HON has beaten or met EPS estimates every qtr going back to at least Q1 2019, per LSEG

On Dec 16, co said it was considering spinning off its aerospace business, a move endorsed by activist investor Elliott Investment Management, which called for HON to be split in two on Nov 12.

On Oct 24, HON projected annual sales below expectations as the company continued to struggle with persistent supply chain disruptions

Of 27 analysts covering HON, 13 rate stock "buy" or stronger, remaining 14 recommend "hold"

Median 12-mo PT of $240 up 7.4% from 3 mos ago. Stock last traded at $221.68

HON shares now down nearly 2% YTD compared with the Dow's .DJI near 5% advance over the same time period