1 Spectacular Thing Honeywell and nVent Have in Common
The following article may be the source for a quiz question on a future fantastical industrial sector-focused game show. Which two industrial companies have raised their earnings guidance on every possible earnings call over the last three years, with the result being one stock up 131% and the other down 10%? The answer is nVent Electric (NYSE: NVT) and Honeywell International (NASDAQ: HON). That's a trivia question; the more serious question is whether either is a buy right now.
Underpromising and overdelivering matters in investing. Its importance goes beyond merely setting a reliable track record; it also implies that a company is structuring its operations efficiently and it has the opportunity to invest for growth.
The chart below shows how each company raised full-year guidance on every earnings call since 2021 and beat the third-quarter guidance in the full-year results in 2021 and 2022. For reference, I've taken the midpoint of the guidance ranges to simplify matters.
Source Fool.com
Honeywell International Stock
Our community is currently high on Honeywell International with 5 Buy predictions and 0 Sell predictions.
With a target price of 214 € there is a slightly positive potential of 15.35% for Honeywell International compared to the current price of 185.52 €.
