Market Overview

2 Industrial Earnings Reports To Watch On Friday: GE & Honeywell

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  • General Electric Company (NYSE: GE) and Honeywell International Inc. (NYSE: HON) are scheduled to announce their third quarter financial results on Friday morning, before the market opens.
  • Honeywell is expected to deliver its strongest earnings in years, while estimates for GE point towards its worst quarter in years.
  • Interestingly, shares of GE rose on Thursday trading, ahead of the earnings calls, while shares of Honeywell fell slightly.

General Electric

For GE, the Street is modeling a year-over-year decline in earnings of 31.5 percent. According to Estimize, experts anticipate consensus earnings of $0.26 per share on revenue of $28.745 billion.

Related Link: General Electric Upgraded At William Blair Amid 'Transformation'

These estimates compare to earnings of $0.38 per share on revenue of $36.174 billion reported a year ago, and to EPS of $0.28 on sales of $27.289 billion delivered last quarter.

The crowd is slightly less bearish, and projects earnings of $0.27 per share on revenue of $26.63 billion.

Honeywell International

As per Estimize, the Street anticipates Honeywell’s earnings will rise roughly 5 percent year-over-year, from $1.47 per share in the third quarter of 2014, to $1.55 per share in the third quarter of 2015. Revenue, on the other hand, is expected to decline from $10.108 billion last year to $9.853 billion this quarter.

The crowd, for its part, projects revenue in line with the Street, on earnings of $1.56 per share. Finally, management guided EPS in the $1.36 to $1.41 range, and revenue between $9.4 billion and $9.6 billion. It should be noted from the chart above, however, that the company has tended to beat estimates and guidance.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Posted-In: EstimizeEarnings Previews Crowdsourcing Trading Ideas General

 

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