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The latest trading session saw Howmet (HWM - Free Report) ending at $135.76, denoting a +1.7% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.74%. On the other hand, the Dow registered a gain of 0.05%, and the technology-centric Nasdaq increased by 1.26%.
The the stock of maker of engineered products for the aerospace and other industries has risen by 0.8% in the past month, leading the Aerospace sector's loss of 4.39% and the S&P 500's loss of 4.77%.
The upcoming earnings release of Howmet will be of great interest to investors. The company's earnings report is expected on May 1, 2025. The company is forecasted to report an EPS of $0.77, showcasing a 35.09% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.93 billion, reflecting a 5.96% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.25 per share and a revenue of $8.02 billion, signifying shifts of +20.82% and +7.94%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Howmet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.36% fall in the Zacks Consensus EPS estimate. At present, Howmet boasts a Zacks Rank of #4 (Sell).
Investors should also note Howmet's current valuation metrics, including its Forward P/E ratio of 41.11. This denotes a premium relative to the industry's average Forward P/E of 19.51.
One should further note that HWM currently holds a PEG ratio of 2.4. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. HWM's industry had an average PEG ratio of 1.98 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 171, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Howmet (HWM) Laps the Stock Market: Here's Why
The latest trading session saw Howmet (HWM - Free Report) ending at $135.76, denoting a +1.7% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.74%. On the other hand, the Dow registered a gain of 0.05%, and the technology-centric Nasdaq increased by 1.26%.
The the stock of maker of engineered products for the aerospace and other industries has risen by 0.8% in the past month, leading the Aerospace sector's loss of 4.39% and the S&P 500's loss of 4.77%.
The upcoming earnings release of Howmet will be of great interest to investors. The company's earnings report is expected on May 1, 2025. The company is forecasted to report an EPS of $0.77, showcasing a 35.09% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.93 billion, reflecting a 5.96% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.25 per share and a revenue of $8.02 billion, signifying shifts of +20.82% and +7.94%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Howmet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.36% fall in the Zacks Consensus EPS estimate. At present, Howmet boasts a Zacks Rank of #4 (Sell).
Investors should also note Howmet's current valuation metrics, including its Forward P/E ratio of 41.11. This denotes a premium relative to the industry's average Forward P/E of 19.51.
One should further note that HWM currently holds a PEG ratio of 2.4. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. HWM's industry had an average PEG ratio of 1.98 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 171, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.