The company impressed with both its trailing performance in challenging conditions, and its profitability guidance.
Howmet Aerospace Inc. (NYSE:HWM ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Paul Luther - VP, IR Ken Giacobbe - EVP and CFO John Plant - Executive Chairman and CEO Conference Call Participants Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Partners Doug Harned - Bernstein Scott Deuschle - Deutsche Bank David Strauss - Barclays Myles Walton - Wolfe Research Seth Seifman - JPMorgan Ronald Epstein - Bank of America Gautam Khanna - TD Cowen Operator Good day and welcome to the Howmet Aerospace Third Quarter of 2024 Earnings Call. All participants will be in listen-only mode for the duration of the call.
HWM third-quarter 2024 revenues increase 10.7%, driven by an improved commercial aerospace market.
Although the revenue and EPS for Howmet (HWM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Howmet (HWM) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.46 per share a year ago.
Howmet Aerospace eyes a buy point amid its 87% run, making it one of the top performers in the S&P 500. Earnings are tomorrow.
Strength in the Engine products segment due to growth in the commercial and defense aerospace markets is likely to support HWM's third-quarter 2024 results.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Howmet (HWM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Howmet (HWM) reachead $101.14 at the closing of the latest trading day, reflecting a +1.05% change compared to its last close.
Howmet (HWM) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Howmet (HWM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.