Howmet Aerospace-Howmet (HWM) Stock Declines While Market Improves: Some Information for Investors

Company Performance - Howmet's stock closed at $99.30, reflecting a -0.42% change from the previous day, underperforming the S&P 500's gain of 0.4% [1] - Over the past month, Howmet's stock has increased by 3.32%, outperforming the Construction sector's gain of 2.56% and the S&P 500's gain of 1.71% [1] Upcoming Earnings - Analysts expect Howmet to report earnings of$ 0.65 per share, indicating a year-over-year growth of 41.3% [2] - The consensus estimate for revenue is projected at $1.86 billion, representing an 11.89% increase compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at$ 2.59 per share and revenue at $7.48 billion, reflecting changes of +40.76% and +12.58% from the prior year, respectively [3] Analyst Estimates - Recent changes in analyst estimates for Howmet are crucial as they indicate shifts in near-term business trends, with positive revisions suggesting analyst optimism [4] Zacks Rank - Howmet currently holds a Zacks Rank of 2 (Buy), with the Zacks Rank system showing an impressive track record of outperformance [6] Valuation Metrics - Howmet's Forward P/E ratio stands at 38.51, significantly higher than the industry average of 21.63, indicating a premium valuation [7] - The company has a PEG ratio of 1.49, compared to the industry average PEG ratio of 1.59, suggesting a favorable growth outlook relative to its valuation [8] Industry Context - The Engineering - R and D Services industry, to which Howmet belongs, has a Zacks Industry Rank of 94, placing it in the top 38% of over 250 industries [9]