- Honeywell Automation reported a net income of 1.37 billion rupees for the first quarter of 2024.
- This net income represents a 33% increase year-over-year.
- Analysts had estimated a net income of 1.47 billion rupees, meaning the result fell short of expectations.
- The company reported revenue of 9.6 billion rupees for the same period.
- Revenue increased by 3% compared to the same period last year.
- However, this revenue figure was below the estimated 10.68 billion rupees.
- Total costs for the first quarter amounted to 8.2 billion rupees.
- This is a slight decrease of 0.7% year-over-year in total costs.
- Market analysts provided recommendations with 2 buys, 2 holds, and 3 sells for Honeywell Automation.
- Comparisons to past results are based on values reported from the company’s original disclosures.
A look at Honeywell Automation India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Honeywell Automation India shows promising signs for long-term growth. The company exhibits strong resilience and momentum with scores of 5 in both categories. This indicates a robust ability to weather economic uncertainties and a positive trend in the company’s stock performance, respectively. With a growth score of 3, there is potential for expansion and development in the foreseeable future. However, the value and dividend scores at 2 each suggest room for improvement in terms of these factors.
Honeywell Automation India Limited, a provider of industrial automation and control solutions to various key industries, seems well-positioned for sustained success. Its focus on sectors like petrochemicals, refining, oil and gas, mining, metal, and power industries showcases a diverse portfolio. By leveraging its resilience and momentum, the company can capitalize on growth opportunities and enhance its overall performance in the market. With a strategic approach, Honeywell Automation India could further strengthen its position as a leading player in the industrial automation sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
