Howmet Aerospace Sees Q3 Revenue $1.845B-$1.865B vs $1.81B Est., Adj. EPS $0.63-$0.65 vs $0.60 Est.; Sees FY24 Revenue $7.40B-$7.48B vs $7.33B Est., Adj. EPS $2.53-$2.57 vs $2.39 Est.
Portfolio Pulse from Benzinga Newsdesk
Howmet Aerospace has provided its Q3 and FY24 financial guidance, projecting higher-than-expected revenue and adjusted EPS. For Q3, the company expects revenue between $1.845 billion and $1.865 billion, surpassing the $1.81 billion estimate, and adjusted EPS between $0.63 and $0.65, above the $0.60 estimate. For FY24, Howmet forecasts revenue between $7.40 billion and $7.48 billion, exceeding the $7.33 billion estimate, and adjusted EPS between $2.53 and $2.57, higher than the $2.39 estimate.
July 30, 2024 | 11:08 am
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POSITIVE IMPACT
Howmet Aerospace has provided optimistic financial guidance for Q3 and FY24, with revenue and adjusted EPS projections exceeding market estimates. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
Howmet Aerospace's guidance for both Q3 and FY24 shows higher-than-expected revenue and adjusted EPS, which is a strong indicator of the company's financial health and growth prospects. This is likely to positively impact investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100