Howmet (HWM) Q2 Earnings and Revenues Surpass Estimates

Core Insights - Howmet (HWM) reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.87 per share, and up from $0.67 per share a year ago [1] - The company achieved a revenue of $2.05 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.24%, compared to $1.88 billion in the same quarter last year [3] Earnings Performance - The earnings surprise for the quarter was +4.60%, following a previous surprise of +11.69% when earnings were $0.86 per share against an expectation of $0.77 [2] - Howmet has consistently surpassed consensus EPS estimates over the last four quarters [2] Stock Performance - Howmet shares have increased approximately 75.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.88 on revenues of $2.04 billion, and for the current fiscal year, it is $3.47 on revenues of $8.08 billion [8] - The outlook for the Aerospace - Defense industry, where Howmet operates, is favorable, ranking in the top 26% of over 250 Zacks industries [9]