Howmet Aerospace Q2 Preview: Consensus EPS of $1.25 Tops High-End Guidance
HWM sits 70% above its 52-week low of $169.45.
Summary
Analysts expect Howmet to report Q2 EPS of $1.25 on revenue of $2.428 billion, both above the high end of management's guidance ($1.22-$1.24 EPS, $2.39-$2.41 billion revenue). The company has a strong track record of beating estimates, with positive surprises in each of the last eight quarters. The stock is trading near its 52-week high, and the consensus rating remains a strong buy with a median price target of $311. The report on August 6 will be closely watched to see if the beat streak continues and if full-year guidance is raised again following the significant hike in May.
At the time of this announcement, HWM was trading at $287.44 on NYSE in the Manufacturing sector, with a market capitalization of approximately $114.6B. The 52-week trading range was $169.45 to $295.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.