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.