Earnings Preview: What to Expect from Howmet Aerospace's Report

Pittsburgh, Pennsylvania-based Howmet Aerospace Inc. (HWM) provides advanced engineered solutions for the aerospace and transportation industries. Valued at $49.5 billion by market cap, Howmet focuses on manufacturing jet engine components, aerospace fastening systems, titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, and forged wheels for commercial transportation.

Howmet is set to unveil its fourth-quarter results before the market opens on Thursday, Feb. 13. Ahead of the event, analysts expect the HWM to report a non-GAAP profit of $0.71 per share, up a staggering 34% from $0.53 per share reported in the year-ago quarter. Furthermore, the company has surpassed analysts’ bottom-line projections in each of the past four quarters. Its adjusted EPS for the last reported quarter surged 54.3% year-over-year to $0.71, exceeding analysts’ estimates by 9.2%.