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 ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Howmet (HWM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question. Howmet is one of 91 companies in the Construction group. The Construction group currently sits at #4 ...

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 ...

The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of +2.30%. The company delivered an EPS surprise of +11.67%, with the consensus EPS estimate being $0.60. Total Sales- Engine Products End Market Revenue- Aerospace- Commercial : $265 million versus $267.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change. Adjusted EBITDA- Forged Wheels : $40 million versus $36.64 million estimated by th ...

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 ...

Key Takeaways Shares of Howmet Aerospace (HWM) soared Tuesday after the manufacturer of jet engine parts and aluminum wheels for heavy trucks posted better-than-expected sales and profits for the second quarter. The Boeing (BA) supplier also lifted its full-year guidance, citing strong demand trends in commercial aerospace. "The outlook for commercial aerospace continues to be robust, with strong travel demand and an aging aircraft fleet," said Howmet Executive Chairman and CEO John Plant. According to Plan ...

Howmet is a relatively new public company with a long history. The company is a manufacturer of components for aircraft and jet engines as well as aluminum wheels for heavy trucks. It was forged together by Alcoa 20 years ago, only to be spun out first as part of Arconic and then as Howmet. Investors are buying in, sending shares of Howmet up 14% as of 10:15 a.m. ET. The company earned $0.67 per share on revenue of $1.88 billion in the second quarter, topping Wall Street's $0.60 per share on sales of $1.84 ...