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TransDigm (TDG) Tops Q1 Earnings & Revenues, Guides Up
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TransDigm Group Incorporated (TDG - Free Report) is a leading global designer, producer and supplier of highly engineered aircraft components that are used in in-service commercial and military aircraft. The company has an extensive portfolio of proprietary products, which boosts its competitive position.
TransDigm is seeing some negative trends at present, like weaker defense aftermarket orders and soft business jet, helicopter and freighter revenues, which is hurting its prospects. Softness in global macroeconomic conditions is impacting air travel, adding to the company’s woes. The company has some concerns about the commercial transport industry in the coming times as well. These factors have been hurting its financials in recent times.
However on the positive side, about 90% of TDG’s sales are generated by proprietary products, that is, products for which the company owns the intellectual property. This translates into consistent and sustained revenue generation capacity through all phases of the aerospace cycle.
The company has had a decent earnings history. It beat the Zacks Consensus Estimate thrice in the trailing four quarters, with an average positive surprise of 3.6%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TDG’s first-quarter fiscal 2017 adjusted earnings came in at $2.45 per share (including stock based compensation adjustments), comfortably beating the Zacks Consensus Estimate of $2.27.
Transdigm Group Incorporated Price and EPS Surprise
Revenue: Revenues of the company came in at $814.0 million, surpassed the Zacks Consensus Estimate of $784 million.
Key Stats: Concurrent with the first-quarter fiscal 2017 results, the company has raised earnings and revenues guidance for the fiscal year. Sales are expected to lie in the range of $3,520 million to $3,570 million (compared with $3,171 million in fiscal 2016). Also, adjusted earnings per share are forecasted to be in the band of $12.02 to $12.30 per share, in comparison to $11.49 per share in fiscal 2016.
Stock Price: TDG shares were up 2.2% in the pre-market trading following the release. Shares It would be interesting to see how the market reacts to the results during the trading session today.
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TransDigm (TDG) Tops Q1 Earnings & Revenues, Guides Up
TransDigm Group Incorporated (TDG - Free Report) is a leading global designer, producer and supplier of highly engineered aircraft components that are used in in-service commercial and military aircraft. The company has an extensive portfolio of proprietary products, which boosts its competitive position.
TransDigm is seeing some negative trends at present, like weaker defense aftermarket orders and soft business jet, helicopter and freighter revenues, which is hurting its prospects. Softness in global macroeconomic conditions is impacting air travel, adding to the company’s woes. The company has some concerns about the commercial transport industry in the coming times as well. These factors have been hurting its financials in recent times.
However on the positive side, about 90% of TDG’s sales are generated by proprietary products, that is, products for which the company owns the intellectual property. This translates into consistent and sustained revenue generation capacity through all phases of the aerospace cycle.
The company has had a decent earnings history. It beat the Zacks Consensus Estimate thrice in the trailing four quarters, with an average positive surprise of 3.6%.
Currently, TDG has a Zacks Rank #4 (Sell) but that could definitely change following its first-quarter fiscal 2017 earnings report, which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TDG’s first-quarter fiscal 2017 adjusted earnings came in at $2.45 per share (including stock based compensation adjustments), comfortably beating the Zacks Consensus Estimate of $2.27.
Transdigm Group Incorporated Price and EPS Surprise
Transdigm Group Incorporated Price and EPS Surprise | Transdigm Group Incorporated Quote
Revenue: Revenues of the company came in at $814.0 million, surpassed the Zacks Consensus Estimate of $784 million.
Key Stats: Concurrent with the first-quarter fiscal 2017 results, the company has raised earnings and revenues guidance for the fiscal year. Sales are expected to lie in the range of $3,520 million to $3,570 million (compared with $3,171 million in fiscal 2016). Also, adjusted earnings per share are forecasted to be in the band of $12.02 to $12.30 per share, in comparison to $11.49 per share in fiscal 2016.
Stock Price: TDG shares were up 2.2% in the pre-market trading following the release. Shares It would be interesting to see how the market reacts to the results during the trading session today.
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>