What to Look for When Honeywell (HON) Reports Q2 Earnings
NEW YORK (TheStreet) -- Shares of Honeywell (HON) - Get Report are gaining 0.48% to $119.92 this afternoon as the company prepares to report 2016 second quarter earnings before the market opens on Friday.
Analysts are looking for earnings of $1.64 per share and revenue of $10.13 billion.
For the 2015 second quarter, Honeywell reported earnings of $1.51 per share and revenue of $9.8 billion.
TheStreet's Jim Cramer warns that Honeywell is expected to start layoffs soon. "That really matters," Cramer said, especially following the company's recent "amazing tear."
Honeywell confirmed on Tuesday that it will undergo a "small reduction in positions" in order to aligns costs with current demand, according to an interview with Real Money.
Honeywell is a Morris Plains, NJ-based technology and manufacturing company.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of A+.
The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: HON
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.