What to Expect When Honeywell (HON) Reports Earnings Results Tomorrow

NEW YORK (TheStreet) -- Honeywell (HON) is scheduled to release its 2015 second quarter earnings report before the market open on Friday.

Analysts estimate a year-over-year increase in earnings per share, but a year-over-year decrease in revenue for the industrial manufacturing company's second quarter.

Analysts polled by Thomson Reuters are expecting Honeywell to report earnings of $1.49 per share, on revenue of $9.74 billion for the quarter ended June 2015.

Last year, Honeywell reported earnings of $1.38 per share, on revenue of $10.25 billion.

Shares of Honeywell are down 0.38% to $103.45 in midday trading on Thursday.

The company's stand-alone refrigeration system Solstice N40 was approved by the EPA on Tuesday. The approval was due to a new rule that seeks to increase the use of chemicals and technologies that are safe for the ozone layer.

Insight From TheStreet Research Team

TheStreet's Chris Laudani commented today on Honeywell in a post on RealMoney.com. Here is a snippet of what Laudani had to say:

Honeywell (HON) reports second-quarter earnings on Friday morning and I'm not entirely sure how to play it. The company reported a mixed first quarter and the stock seems to be stuck in a tight range between $100 and $107. It's like investors are in a wait-and-see mode.

Here's the confusing part. Management guided second quarter revenue lower, but increased margin guidance. As a result, the bottom range of earnings per share came up $0.15...So, if all you care about is EPS, you are okay.

Investors probably don't care too much about Q2 because the back half of the year will make all the difference: The third and fourth quarters are Honeywell's big earners. Investors are expecting Q3 and Q4 revenue of $9.9 billion and $10.3 billion, respectively.

-Chris Laudani "Honeywell's Friday Earnings Report: Wait and See" Originally Published on 7/16/2015 on Real Money.

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