PREVIEW: Honeywell seen posting 5% y/y revenue increase - China's rare earth export restrictions eyed

Shares of Honeywell International HON.O down 0.5% on Mon ahead of quarterly results due before the bell Tues

Industrial conglomerate seen posting Q1 adj EPS of $2.21, a 1.7% y/y decrease, on rev of $9.59 bln vs. $9.11 bln in Q1 2024, according to LSEG data

HON has beaten or met EPS estimates every qtr going back to at least Q1 2020, per LSEG

On April 4, Beijing retaliated against President Donald Trump's tariffs on Chinese goods by placing export restrictions on rare earth metals, a concern for some U.S. aerospace manufacturers who source them from China

On February 6, co issued disappointing 2025 profit and revenue forecasts; announced it would split its aerospace and automation units into separate businesses

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

Median 12-mo PT of $222.73 down 7.2% from 3 mths ago. Stock last traded at $198.08

HON shares now down ~12% YTD compared with the Dow's .DJI about 6% slide over the same time period