Howmet (HWM Quick QuoteHWM - Free Report) reported $1.88 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.1%. EPS of $0.67 for the same period compares to $0.44 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of +2.30%. The company delivered an EPS surprise of +11.67%, with the consensus EPS estimate being $0.60.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Howmet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total Sales- Engine Products

  : $934 million compared to the $915.34 million average estimate based on three analysts. The reported number represents a change of +13.1% year over year.

• Total Sales- Fastening Systems

  : $394 million versus $381.50 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +19.8% change.

• Total Sales- Engineered Structures

  : $278 million versus the three-analyst average estimate of $257.43 million. The reported number represents a year-over-year change of +38.3%.

• Total Sales- Forged Wheels

  : $278 million versus the three-analyst average estimate of $287.15 million. The reported number represents a year-over-year change of -6.7%.

• End Market Revenue- Aerospace- Commercial

  : $979 million versus $943.42 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +27% change.

• End Market Revenue- Aerospace- Defense

  : $290 million compared to the $286.49 million average estimate based on two analysts. The reported number represents a change of +10.7% year over year.

• End Market Revenue- Commercial Transportation

  : $346 million versus the two-analyst average estimate of $350.19 million. The reported number represents a year-over-year change of -3.9%.

• End Market Revenue- Industrial and Other

  : $265 million versus $267.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.

• Adjusted EBITDA- Engine Products

  : $292 million compared to the $258.58 million average estimate based on three analysts.

• Adjusted EBITDA- Forged Wheels

  : $75 million compared to the $79.63 million average estimate based on three analysts.

• Adjusted EBITDA- Engineered Structures

  : $40 million versus $36.64 million estimated by three analysts on average.

• Adjusted EBITDA- Fastening Systems

  : $101 million versus the three-analyst average estimate of $90.88 million.

View all Key Company Metrics for Howmet here>>>

Shares of Howmet have returned +7.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.