Will Howmet (HWM) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Howmet (HWM) is well-positioned to continue its earnings-beat streak, having consistently surpassed earnings estimates in recent quarters [1][3]. Earnings Performance - In the most recent quarter, Howmet reported earnings of $0.67 per share, exceeding the expected $0.60 per share by 11.67%. In the previous quarter, it reported $0.57 per share against an expectation of $0.52 per share, resulting in a surprise of 9.62% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Howmet, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat. The current Earnings ESP stands at +3.54% [3][6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, suggesting a high probability of beating consensus estimates [4]. Zacks Rank and Earnings ESP - Howmet currently holds a Zacks Rank of 2 (Buy), which, when combined with its positive Earnings ESP, indicates a strong potential for another earnings beat [6]. - The Earnings ESP metric is based on the Most Accurate Estimate compared to the Zacks Consensus Estimate, reflecting the latest analyst revisions and information [5].