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Howmet (HWM) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The upward trend in estimate revisions for this maker of engineered products for the aerospace and other industries reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical ...

Howmet (HWM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power of ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Group 1 - Howmet (HWM) is a notable stock within the Construction sector, which ranks 4 among 16 groups in the Zacks Sector Rank [2] - HWM has achieved a year-to-date gain of approximately 75.3%, significantly outperforming the average gain of 16.4% for Construction stocks [4] - The Zacks Consensus Estimate for HWM's full-year earnings has increased by 9.5% over the past quarter, indicating a positive trend in analyst sentiment [3] Group 2 - Howmet is part of the Engineering - R and D Services industry, which ranks 90 among 20 individual stocks, and has gained an average of 26.5% this year [5] - Advanced Drainage Systems (WMS) is another Construction stock that has outperformed the sector with a year-to-date increase of 20.3% [4] - The consensus EPS estimate for Advanced Drainage Systems has risen by 7.3% over the past three months, and it currently holds a Zacks Rank of 1 (Strong Buy) [5]

This aerospace and defense supplier continues to exceed expectations. Howmet Aerospace (HWM -0.87%) stock is up a whopping 75% in 2024 and rose 14.7% in the last week to Friday morning trading. The latest leg up is due to its impressive second-quarter earnings release earlier this week. Howmet's end markets The company generates around 52% of its sales from commercial aerospace and 16% from defense aerospace, with commercial transportation at about 18%. The remaining 14% is under the "industrial and other" ...

Investors are optimistic that the Federal Reserve could soon start its rate-cut cycle following the release of a series of positive economic data, which showed that inflation decreased over the past two months. Also, the labor market is finally showing signs of cooling, which will give the Fed further confidence to go ahead with its rate cut plans. However, the picture remains unclear, and with higher interest rates for a longer period, markets can remain volatile for a longer period. Four such stocks are H ...

Core Insights - Howmet (HWM) reported revenue of $1.88 billion for the quarter ended June 2024, reflecting a year-over-year increase of 14.1% and an EPS of $0.67 compared to $0.44 a year ago [13]. Revenue Performance - Total Sales for Engine Products reached $394 million, exceeding the average estimate of $381.50 million by three analysts, representing a year-over-year change of +19.8% [14]. - Total Sales for Forged Wheels amounted to $40 million, surpassing the average estimate of $36.64 million by three analysts [5]. - Total Sales for Fastening Systems was reported at $278 million, slightly below the three-analyst average estimate of $287.15 million, indicating a year-over-year decline of -6.7% [15]. - Total Sales for Engineered Structures reached $290 million, exceeding the average estimate of $286.49 million by two analysts, representing a year-over-year increase of +10.7% [23]. End Market Revenue - End Market Revenue for Aerospace - Commercial was reported at $265 million, slightly below the average estimate of $267.08 million, reflecting a year-over-year increase of +3.9% [4]. - End Market Revenue for Aerospace - Defense was $346 million, which is below the two-analyst average estimate of $350.19 million, showing a year-over-year decline of -3.9% [10]. - End Market Revenue for Industrial and Other was reported at $292 million, exceeding the average estimate of $258.58 million by three analysts [25]. Adjusted EBITDA - Adjusted EBITDA for Engine Products was $75 million, below the average estimate of $79.63 million based on three analysts [11]. - Adjusted EBITDA for Forged Wheels was reported at $40 million, exceeding the average estimate of $36.64 million [5]. - Adjusted EBITDA for Engineered Structures reached $101 million, surpassing the three-analyst average estimate of $90.88 million [26]. Stock Performance - Shares of Howmet have returned +7.2% over the past month, outperforming the Zacks S&P 500 composite's +0.1% change, with a current Zacks Rank 3 (Hold) indicating potential performance in line with the broader market [21].

FORM 10-Q Commission File Number 1-3610 201 Isabella Street, Suite 200, Pittsburgh, Pennsylvania 15212-5872 (Address of principal executive offices) (Zip code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ✓ N ...

Group 1 - Howmet Aerospace reported better-than-expected sales and profits for Q2, leading to a significant increase in its stock price [1][5] - The company raised its full-year guidance, driven by strong demand trends in commercial aerospace due to high travel demand and an aging aircraft fleet [2][8] - Howmet's Q2 revenue reached $1.88 billion, a 14% increase year-over-year, with commercial aerospace sales rising 27% [6] Group 2 - The company’s earnings per share (EPS) for Q2 were 65 cents, surpassing consensus estimates of 60 cents [6] - Howmet's board authorized a $2 billion increase in its share buyback program after repurchasing $60 billion worth of shares in Q2, and also raised its dividend [4][5] - The current full-year EPS guidance is projected to be between $2.53 and $2.57, with revenue expectations of $7.4 billion to $7.48 billion, both exceeding current consensus forecasts [8]