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Howmet Aerospace Set to Report Strong Q4 Earnings Growth

Howmet Aerospace is anticipated to unveil fourth-quarter results showing significant growth. Analysts predict a robust rise in earnings per share (EPS) to $0.71, reflecting a 34% increase year-over-year, indicating positive market performance ahead.

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AI Rating:   8
Earnings Per Share (EPS)
Howmet Aerospace's EPS for the upcoming fourth quarter is projected at $0.71, which represents a substantial increase of 34% from $0.53 in the same quarter last year. This positive trajectory aligns with the report’s historical performance, where the company consistently exceeded analyst expectations. For the full fiscal year 2024, an adjusted EPS of $2.66 is expected, up 44.6% from $1.84 in fiscal 2023. Looking forward, a continued increase of 19.6% to $3.18 per share is anticipated for fiscal 2025.

Net Income
The report mentions a striking 76.6% year-over-year increase in GAAP-based net income, which grew to $332 million, showcasing the company's robust financial health and effective expense management.

Revenue Growth
Howmet has reported a 10.7% year-over-year growth in total revenues, reaching $1.8 billion, driven primarily by a surge in its commercial aerospace revenues. Although commercial transportation revenues saw a dip, the upward trend in total revenue is a strong indicator of the company's resilience.

Free Cash Flow (FCF)
There is a noted significant growth in free cash flows, although specific figures have not been detailed in the report. This growth is particularly important as it reflects the company’s ability to fund future expansions and return capital to shareholders.

Overall, analyst sentiment remains very bullish, with HWM receiving a consensus "Strong Buy" rating from the majority of analysts, reinforcing expectations of continued strong performance in the market. HWM stock's substantial rise of 129.2% over the past year compared to its sector and index reinforces this positive outlook.
Stocks:  HWM