Howmate stock is poised to extend its run after doubling in 2024.
When investors look for winning stocks, they focus on increasing returns. IBD Increasing profit estimates screenToday’s Screen of the Day has 87 names, including the defensive stock Howmet Aerospace (HMW) and two others worth highlighting.
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Hummet Aerospace’s stock takes a break after doubling
Howmet Aerospace shares rose 1.9% on Monday and are on a flat base late at a 120.71 buy point.
The stock was basically hugging its 10-week moving average. 94 out of 99 IBD Relative Strength Rating stocks are expected to double in 2024.
Consensus 2024 profit estimates are for a healthy 45% increase and for 2025, estimates are for a 19% increase. Despite a mixed third quarter on Nov. 6 — better-than-expected adjusted earnings but lower-than-expected sales — the stock soared to new highs.
Houmet’s fourth-quarter revenue growth is expected to rise to 35%, following an average of 53% over the past two quarters. Estimates show that profits will increase by 24% in Q1, then by 16% and 15% in the next two quarters.
The company makes parts for aircraft engines, spacecraft and trucks. Houmet ranks No. 1 of 70 stocks in the aerospace and defense industry group, which ranks No. 38 out of 197 industry groups tracked by Investor’s Business Daily.
The REV group is positioned near the top of the buy zone
REV Group shares fell 1.5% on Monday. Shares in 5% buy zone up to 33.44 from 31.85 buy point.
Shares surged 14% after the company raised its fiscal fourth-quarter earnings forecasts but missed earnings estimates on Dec. 11. REV Group issued adjusted profit guidance for fiscal year 2025. But the net sales outlook is lagging estimates. It also approved a $250 million stock buyback program.
Profit estimates for the fiscal year ending in October show a 43 percent growth, up from 32 percent in the next fiscal year. Analysts expect current-quarter earnings to rise 6%, and 46% and 36% in the next two quarters. REV Group sales have declined or been flat in each of the past four quarters. Estimates are for a further decline in the next two reports, but they will return to growth in the next quarter.
REV Group manufactures fire trucks, ambulances, road maintenance vehicles and other special vehicles. It also owns several RV brands.
ExlService Clears Trendline.
ExlService Holdings rose 2.5 percent on Monday to a 47.37 buy point on a flat base. It also cleared the trend line around 45.50.
The analyst stock has regained its 10-week moving average, and the relative strength line is at a new high.
Shares are up 17 percent since the company hit its high. Third quarter adjusted earnings And sales are estimated on October 29. It also raised its full-year 2024 sales guidance.
The new full-year profit forecast for 2024 shows a 14 percent increase and a 16 percent increase in 2025. ExlService is a steady profit producer as seen in 6 out of 99 revenue stability scenarios.
Sales growth has been flat with an average growth of about 12 percent over the past six quarters. Analysts expect the same in the next four quarters.
ExlService Holdings provides data analytics to many industries. He It uses artificial intelligence powered by Nivea (NVDA) is a data analytics AI platform used in the insurance, healthcare, financial services and media industries.
Follow Kimberley Koenig on X/Twitter for more stock market news. @IBD_KKoenig.
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