Triumph Group Inc.’s (TGI - Free Report) adjusted earnings in second-quarter fiscal 2020 (ended Sep 30, 2019) were 64 cents per share, which surpassed the Zacks Consensus Estimate of 61 cents by 4.9%. The bottom line improved 60% from 40 cents recorded in the prior-year quarter.
The company generated GAAP earnings of 85 cents per share in the second quarter against a loss of 30 cents incurred in the year-ago quarter.
Total Sales
Net sales in the quarter under review came in at $772.1 million, outpacing the Zacks Consensus Estimate of $705 million by 9.5%. However, the top line declined 9.7% on a year-over-year basis.
After taking divestitures into account, organic sales in the quarter were up 12.8% year over year on increased volumes on engine and military rotorcraft components, aftermarket accessory services, continuing structures programs and new engineering services.
Triumph Group, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Triumph Group Inc.’s (TGI - Free Report) adjusted earnings in second-quarter fiscal 2020 (ended Sep 30, 2019) were 64 cents per share, which surpassed the Zacks Consensus Estimate of 61 cents by 4.9%. The bottom line improved 60% from 40 cents recorded in the prior-year quarter.
The company generated GAAP earnings of 85 cents per share in the second quarter against a loss of 30 cents incurred in the year-ago quarter.
Total Sales
Net sales in the quarter under review came in at $772.1 million, outpacing the Zacks Consensus Estimate of $705 million by 9.5%. However, the top line declined 9.7% on a year-over-year basis.
After taking divestitures into account, organic sales in the quarter were up 12.8% year over year on increased volumes on engine and military rotorcraft components, aftermarket accessory services, continuing structures programs and new engineering services.
Triumph Group, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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