Conclusion, Investment Implications, Strategy

We exited Apr 22nd long idea Howmet Aerospace (HWM) and Apr 26th long idea MetLife (MET) this morning for 0% and 1% gains, respectively, ahead of Q1 2021 earnings.

Analysis and Rationale

We typically close out our long ideas before quarterly earnings reports are released to avoid the event risk and price volatility that often accompanies them.

According to NASDAQ.com:

  • MetLife, Inc. (MET) is expected to report earnings on 05/05/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.48. The reported EPS for the same quarter last year was $1.58.
  • Howmet Aerospace Inc. (HMT) is expected to report earnings on 05/06/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.2. The reported EPS for the same quarter last year was $0.62.