Honeywell International (HON) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.27
- Estimate
- $2.16
- Surprise
- +4.9%
- Revenue (period 2026-09-30)
- $4.99B
- Score at report (before → after)
- 6.4 → 6.3/10
Revenue source: xbrl.
How the report landed
Honeywell International (HON) beat the $2.16 estimate with adjusted EPS of $2.27 — a clear 4.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.4/10) to Sell at 6.3/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates HON Sell at 6.3/10.
4 of the last 4 quarters beat the estimate; this quarter's +4.9% surprise compares with a +4.9% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive momentum
What argues against it
- Concentration risk — Geographic: non-U.S. international operations
- Concentration risk — Supplier: single or sole-source components in Aerospace Technologies
- Cyclical risk: PE expanding 2.1x (earnings normalizing)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $218.31
- Price target
- $228.83
- Stop
- $208.51
- Upside to target
- +4.8%
- Reward-to-risk
- 0.8:1
Forward estimates sit below the trailing run-rate (22.2× forward vs 10.8× trailing) — consensus expects earnings to decline from here.
Risk check: trading volume is running 2.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-23 — shown for context, not personalized investment advice.
HON at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Conglomerates
- Market cap
- $69.19B
- P/E (fwd)
- 22.2
- P/E (ttm)
- 10.8
- 52-week range
- $195.87–$260.28
- Off 52-week high
- 16.1%
- RSI (14)
- 58
- Volume vs avg
- 2.21×
- Score today
- 6.3/10