We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Howmet (HWM) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
Howmet (HWM - Free Report) closed at $270.85 in the latest trading session, marking a -1.07% move from the prior day. This move lagged the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.29%.
The maker of engineered products for the aerospace and other industries's shares have seen an increase of 3.47% over the last month, surpassing the Aerospace sector's gain of 1.11% and the S&P 500's gain of 2.2%.
Market participants will be closely following the financial results of Howmet in its upcoming release. The company plans to announce its earnings on August 6, 2026. The company's upcoming EPS is projected at $1.24, signifying a 36.26% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.42 billion, up 17.68% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.98 per share and revenue of $9.74 billion, which would represent changes of +32.1% and +18.02%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Howmet. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.11% rise in the Zacks Consensus EPS estimate. Howmet is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Howmet is presently trading at a Forward P/E ratio of 54.99. This valuation marks a premium compared to its industry average Forward P/E of 22.59.
It is also worth noting that HWM currently has a PEG ratio of 2.18. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Aerospace - Defense industry stood at 1.58 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Howmet (HWM) Stock Slides as Market Rises: Facts to Know Before You Trade
Howmet (HWM - Free Report) closed at $270.85 in the latest trading session, marking a -1.07% move from the prior day. This move lagged the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.29%.
The maker of engineered products for the aerospace and other industries's shares have seen an increase of 3.47% over the last month, surpassing the Aerospace sector's gain of 1.11% and the S&P 500's gain of 2.2%.
Market participants will be closely following the financial results of Howmet in its upcoming release. The company plans to announce its earnings on August 6, 2026. The company's upcoming EPS is projected at $1.24, signifying a 36.26% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.42 billion, up 17.68% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.98 per share and revenue of $9.74 billion, which would represent changes of +32.1% and +18.02%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Howmet. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.11% rise in the Zacks Consensus EPS estimate. Howmet is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Howmet is presently trading at a Forward P/E ratio of 54.99. This valuation marks a premium compared to its industry average Forward P/E of 22.59.
It is also worth noting that HWM currently has a PEG ratio of 2.18. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Aerospace - Defense industry stood at 1.58 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.