Howmet Aerospace(HWM) ZACKS· ZACKS·2024-11-01 14:20Core Insights - Howmet (HWM) is expected to report quarterly earnings of 1.85 billion, reflecting an 11.8% year-over-year growth [1] - The consensus EPS estimate has been revised upward by 0.2% in the last 30 days, indicating analysts' reassessment of their initial estimates [2] - Analysts emphasize the importance of earnings estimate revisions as indicators for predicting investor actions and stock price performance [3] Revenue Estimates - Total Sales for Engine Products are forecasted to reach 385.76 million, indicating a 10.9% year-over-year growth [5] - Total Sales for Engineered Structures are projected at 257.60 million, suggesting a 9.6% year-over-year decline [5] End Market Revenue Estimates - End Market Revenue for Aerospace-Commercial is expected to be 291.67 million, reflecting a 16.2% year-over-year growth [6] - End Market Revenue for Commercial Transportation is estimated at 255.43 million, indicating an 8.7% year-over-year increase [7] Adjusted EBITDA Estimates - Adjusted EBITDA for Engine Products is projected at 219 million in the same quarter last year [8] - Adjusted EBITDA for Forged Wheels is expected to be 77 million year-over-year [8] - Adjusted EBITDA for Engineered Structures is forecasted at 30 million in the prior year [9] - Adjusted EBITDA for Fastening Systems is estimated at 76 million year-over-year [9] Stock Performance - Shares of Howmet have experienced a -1% change in the past month, mirroring the -1% movement of the S&P 500 composite [9][10] - Howmet holds a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [10]