Honeywell International Analysis Chart done on daily timeframe. Honeywell reported its first quarterly earnings this morning and beat Wall Street’s estimates. The company’s aerospace business shined the most, reflecting an 18% year over year growth, but industrial automation fell 13% year over year. The rise in aerospace demand and fall in other parts of the business caused Honeywell’s revenue to modestly grow at only about 2% from same quarter last year. What matters most is the company’s outlook and guidance for the rest of this year. Vital Kapur, Honeywell’s CEO, was optimistic about the aerospace part of the business, citing opportunities in commercial, defense, and space crafts. The company did not raise its guidance, but they didn’t lower it either,...
Google Pre-earnings Analysis Chart done on daily timeframe. The world’s most prominent search engine is set to report earnings on April 25th after market close. Alphabet, the parent company of Google, managed to grow revenue quarter over quarter in 2023, with Q3 and Q4 each growing at about 13%. Full year revenue in 2023 reached 307B, up 9% from the previous year, but the most impressive number was their 23% net income growth. Google’s strong position in the market and many avenues of revenue helped it overcome conditions that have proven to be tough for other tech stocks, but many wonder if they can do the same again this year. Analysts estimate earnings per share to fall from 1.64 last...
Intel Corporation Pre-earnings Analysis Chart done on daily timeframe. Expectations are low for Intel this earnings season after the company’s failure to grow its year over year revenue for two years in a row. Intel was once seen as unstoppable, but fierce competition and Apple’s decision to start making their own in-house chips hurt Intel’s revenues severely over the last 24 months. Their decline in growth is clearly reflected in their stock’s movement. Intel’s stock is flat year over year and despite its big downside move since 2021, their price to earnings valuation is still on the expensive side. INTC is trading at a P/E ratio of 89x, significantly higher than the healthy 15-25 average and even more expensive than...
Enphase Energy Pre-earnings Analysis Chart done on daily timeframe. Enphase Energy is set to report earnings today and markets are expecting a fairly large move based on this week’s implied volatility reading. The solar company is experiencing the same pains the solar industry is seeing as a whole; their stock has been cut in half over the last 12 months as rising interest rates take a toll on their revenue and bottom-line, which will likely continue to be the case this quarter. Hopes of an interest rate cut this year are diminishing amongst investors so their impact on company growth, especially companies that rely heavily on borrowing, will continue to take its effect. ENPH saw a significant decline in net...
RTX Corporation Earning Analysis Chart done on daily timeframe. RTX (previously know as Raytheon) reported quarterly earnings this morning and their numbers did not disappoint. As expected, the company is seeing strong demand as military contracts heat up, pushing their Q1 profits to $1.71B, reflecting growth from the $1.43B reported same quarter last year. Apart from profit growth, the company’s biggest highlight was their reported backlog. RTX ended the quarter with $202B in backlog, which means this year will be a busy year for them. The unfortunate wars in Ukraine and the Middle East are creating demand for RTX’s advanced products, and the numbers are a clear reflection of that. The stock’s reaction to their earnings was flat, but that...
