Is Honeywell International Being Conservative with its Guidance?
Honeywell International's (NYSE: HON) second-quarter results created a sense of déjà vu, leaving some analysts feeling that management was being conservative with regard to its outlook. Earnings of $1.80 came in at the high-end of management's guidance, and organic sales growth of 3% was significantly above the guidance range of 0%-2%. However, management merely raised the bottom end of its full-year guidance to $7-$7.10 from a previous range of $6.90-$7.10. Is Honeywell's management being too cautious with guidance?
For reference, here's a chart of full-year 2016 segment profit.
Data source: Honeywell International presentations. Millions of U.S. dollars
Source: Fool.com
Honeywell International Stock
€182.84
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