Howmet (HWM) Surges 4.6%: Is This an Indication of Further Gains?

Company Overview - Howmet Aerospace Inc. (HWM) shares increased by 4.6% to $184.9 in the last trading session, with a higher-than-average trading volume [1] - The stock has gained 4% over the past four weeks [1] Market Drivers - The rally in Howmet's stock is driven by optimism regarding strong momentum in the commercial and defense aerospace markets [2] - Robust orders for engine spares for the F-35 program, aerospace fastening systems, and airframe structural components are positive indicators [2] - Howmet has established a strong liquidity position that supports shareholder-friendly policies due to strength in its served markets [2] Earnings Expectations - Howmet is expected to report quarterly earnings of $0.86 per share, reflecting a year-over-year increase of 28.4% [3] - Revenue is anticipated to be $1.99 billion, which is a 5.9% increase from the same quarter last year [3] Stock Performance Insights - Trends in earnings estimate revisions are correlated with near-term stock price movements [4] - The consensus EPS estimate for Howmet has remained unchanged over the last 30 days, indicating that the stock's price may not continue to rise without changes in earnings estimates [5] - Howmet currently holds a Zacks Rank of 1 (Strong Buy) [5] Industry Comparison - Howmet belongs to the Zacks Aerospace - Defense industry, where General Dynamics (GD) closed the last trading session at $290.74, down 0.2% [5] - General Dynamics has seen a 5.9% return over the past month, with a consensus EPS estimate change of +0.3% to $3.47, representing a 6.4% increase year-over-year [6]