For the quarter ended September 2023, Howmet (HWM) reported revenue of $1.66 billion, up 15.7% over the same period last year. EPS came in at $0.46, compared to $0.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.6 billion, representing a surprise of +3.71%. The company delivered an EPS surprise of +6.98%, with the consensus EPS estimate being $0.43.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
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: $803 million versus the five-analyst average estimate of $800.75 million. The reported number represents a year-over-year change of +17.4%.
- Total Sales- Fastening Systems: $348 million versus $321.06 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.
- Total Sales- Engineered Structures: $227 million versus the five-analyst average estimate of $215.43 million. The reported number represents a year-over-year change of +15.8%.
- Total Sales- Forged Wheels: $285 million compared to the $259.71 million average estimate based on five analysts. The reported number represents a change of +7.1% year over year.
- End Market Revenue- Aerospace- Commercial: $820 million versus $785.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +22.8% change.
- End Market Revenue- Aerospace- Defense: $251 million compared to the $257.99 million average estimate based on three analysts. The reported number represents a change of +12.6% year over year.
- End Market Revenue- Commercial Transportation: $352 million versus $320.20 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
- End Market Revenue- Industrial and Other: $235 million versus the three-analyst average estimate of $242.38 million. The reported number represents a year-over-year change of +10.3%.
- Adjusted EBITDA- Engine Products: $219 million versus $219.76 million estimated by four analysts on average.
- Adjusted EBITDA- Forged Wheels: $77 million versus $68.03 million estimated by four analysts on average.
- Adjusted EBITDA- Engineered Structures: $30 million compared to the $27.50 million average estimate based on four analysts.
- Adjusted EBITDA- Fastening Systems: $76 million versus the four-analyst average estimate of $63.84 million.
View all Key Company Metrics for Howmet here>>>
Shares of Howmet have returned -2.2% over the past month versus the Zacks S&P 500 composite’s -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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