Howmet (HWM) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - Howmet (HWM) reported quarterly earnings of $0.86 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and showing an increase from $0.57 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 11.69%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Howmet's revenues for the quarter reached $1.94 billion, surpassing the Zacks Consensus Estimate by 0.47%, and up from $1.82 billion year-over-year [3] - The company has also exceeded consensus revenue estimates three times in the last four quarters [3] Stock Performance - Howmet shares have increased approximately 26.7% since the beginning of the year, contrasting with a decline of -5.3% in the S&P 500 [4] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [4] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.80 on revenues of $1.99 billion, and for the current fiscal year, it is $3.25 on revenues of $8.02 billion [8] - The estimate revisions trend for Howmet is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - The Aerospace - Defense industry, to which Howmet belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [9] - The performance of Howmet's stock may be influenced by the overall outlook for the industry [9]