Earnings preview: Here’s what to look for when Honeywell reports Q2 2019 results

Honeywell International Inc. (NYSE: HON) is set to report second quarter 2019 earnings results on Thursday, July 18, before market open. Analysts expect the company to report earnings of $2.08 per share on revenue of $9.35 billion.

In the trailing four quarters, Honeywell has consistently surpassed earnings forecasts and can be expected to do so in the second quarter as well. The company is seeing healthy demand across the majority of its end-markets and this is expected to boost the revenues of most of its segments. This in turn could benefit the top line results in the quarter.

The aerospace and automation segments are expected to see strength in particular during the quarter. However the safety business is likely to see weakness due to low demand in the end-market.

The quarterly results might also see impacts from the spin-offs of the Transportation Systems business and the Homes and ADI Global Distribution business along with the negative effects of foreign currency translation.

In the first quarter of 2019, Honeywell beat market estimates, despite sales falling by 15% to $8.8 billion. Adjusted EPS grew 13% to $1.92.

For the second quarter of 2019, Honeywell has guided for EPS of $2.05-2.10. For the full year of 2019, the company projects sales of $36.5 billion to $37.2 billion and EPS of $7.90-8.15.

Honeywell’s shares have gained 23% over the trailing 52 weeks and over 31% thus far this year. The stock was down by 1.2% in morning hours on Wednesday.

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