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TransDigm (TDG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
While the top- and bottom-line numbers for TransDigm (TDG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
TransDigm's (TDG) Q1 sales amounted to $1,789 million, up 28% from that registered in the prior-year period. The reported figure also beat the Zacks Consensus Estimate by 7.1%.
TransDigm Group (TDG) came out with quarterly earnings of $7.16 per share, beating the Zacks Consensus Estimate of $6.37 per share. This compares to earnings of $4.58 per share a year ago.
TransDigm's (TDG) fiscal first-quarter results are likely to reflect the benefits of growing air travel and solid defense sales impact.
Evaluate the expected performance of TransDigm (TDG) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Companies in the Zacks Aerospace sector, which houses the defense stocks, are expected to record annual earnings growth of 32.3% on 8.2% sales growth in 2024. You may buy ACHR, AVAV, RYCEY, TDG and TGI.
Steve Weiss, managing partner at Short Hills Capital, joins CNBC's 'Halftime Report' to share his latest trades and why he bought Transdigm.
Among other things, the past several months have been highlighted by global upheaval and geopolitical unrest, with investors turning their watchful eyes to a sector that often thrives in times of turmoil: defense.