Trading Near All-Time Highs, Honeywell Stock Is Starting to Fire on All Cylinders
Honeywell International's (NYSE: HON) first-quarter earnings were good, but perhaps they could have been a bit better. The timing of the recovery in its commercial aerospace and oil- and gas-focused end markets is a bit slower than many had hoped. That said, there's clear evidence of broad-based improvement, management raised its full-year guidance, and it looks likely that Honeywell will have significant momentum as it exits 2021. Here's why.
The headline numbers, first-quarter sales, segment margin, and adjusted EPS came in ahead of management's guidance. Turning to the full-year guidance, management upgraded all of the metrics in its guidance except for its margin expansion -- a point we'll get back to shortly.
Honeywell needs the commercial aviation industry to come back strongly in 2021. Image source: Getty Images.
Source Fool.com
