Howmet Earnings Preview: Key Metrics to Watch
Howmet (NYSE:HWM), a leading aerospace and defense company, will report its financial results tomorrow before the market opens. Here are the key metrics to watch:
* Revenue: Analysts project an 8.5% year-over-year growth to $1.88 billion, decelerating from the 14.4% increase in Q4 2021.
* Adjusted Earnings: Consensus estimates expect $0.72 per share, reflecting a moderate increase from the prior quarter.
* Analysts' Expectations: Analysts have generally maintained their estimates in recent weeks, indicating a neutral outlook heading into earnings.
* Peer Performance: Industry peers, such as AAR and Woodward, have reported mixed Q4 results. AAR exceeded revenue expectations while Woodward met consensus estimates, impacting their respective stock prices.
* Historical Performance: Howmet has missed revenue estimates four times in the past two years.
* Average Analyst Target Price: The current average analyst price target for Howmet is $129.85, slightly above the current share price of $129.32.
* Stock Performance: Howmet's stock is up 9% over the past month, outperforming the flat performance of aerospace peers.