TransDigm Group: Earnings Preview
By Zacks Investment Research:
TransDigm Group Inc. (TDG) is slated to release its second-quarter fiscal 2012 earnings result on Tuesday, May 8, 2012. The current Zacks Consensus Estimate for second-quarter earnings per share (EPS) is $1.30, representing annualized growth of 38.71%. (Analyst report here.)TransDigm's earnings were above the Zacks Consensus Estimate in the last four quarters, with an average positive earnings surprise of 16.39% for the trailing four quarters.
First Quarter Fiscal 2012 Highlights
The company's first-quarter fiscal 2012 earnings per share from continuing operations of $1.15 outpaced the Zacks Consensus Estimate of $1.11 and prior-year loss per share of $1.19. Earnings in the reported quarter were aided by increased sales, solid proprietary products of the company, good productivity and favorable tax adjustments, partially offset by increased interest expense.Net sales were $352.5 million, up 50.9% year over year. Organically, sales during the quarter rose by approximately 18.4%, driven by increased sales inComplete Story »