The Toffees were beaten 4-1 by the Gunners in the FA Cup quarter-finals earlier this month.
Howard now hopes that he and his teammates can turn the tables on Arsenal and put pressure on Arsene Wenger's side in the race for Champions League qualification.
"We are looking forward to playing Arsenal," he is quoted as saying by Sky Sports News.
"We still have a sour taste in our mouth about what happened at the Emirates in the FA Cup, so we will try and put that right at home.
"We're not favourites to finish fourth because the gap is still four points.
"It's in our hands because we have a game in hand and we have to play them, but they still have that four-point lead so it is difficult."
Everton have won their last five consecutive matches in the Premier League.