Howmet Aerospace-Earnings Estimates Moving Higher for Howmet (HWM): Time to Buy?

Core Viewpoint - Howmet (HWM) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price growth [1][2]. Earnings Estimate Revisions - Analysts have shown increasing optimism regarding Howmet's earnings prospects, leading to a notable rise in earnings estimate revisions, which historically correlate with stock price movements [2]. - For the current quarter, Howmet is expected to earn $0.85 per share, reflecting a year-over-year increase of +26.87%. Over the past 30 days, three estimates have been revised upward, resulting in an 8.12% increase in the Zacks Consensus Estimate [5]. - For the full year, the earnings estimate is projected at$ 3.39 per share, representing a +26.02% change from the previous year. In the last month, four estimates have been raised, pushing the consensus estimate up by 7.48% [6][7]. Zacks Rank and Performance - Howmet currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on the positive estimate revisions. Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. - The stock has experienced a significant gain of 35.9% over the past four weeks, driven by strong earnings growth prospects [9].