Alert: New Earnings Report (5/7/24)-TransDigm Group Inc (NYSE: TDG).

TransDigm Group Inc (NYSE: TDG) has reported E.P.S. of $6.97 for its second fiscal quarter (ending March 31) versus $5.32 for the same period a year ago — an increase of 31%. However, this performance was $-2.11 short of the consensus estimate of $9.08. For the latest four quarters through March 31, E.P.S. were $25.20 versus $16.73 for the same period a year ago — an increase of 51%.

On 5/7/24, TransDigm Group Inc (NYSE: TDG) stock rose modestly by 0.7%, closing at $1310.40. Moreover, exceptionally high trading volume at 221% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.1% during the last week.
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, TDG is expected to be an important Value Eraser.
TransDigm Group is currently unrated.
The stock is currently unrated.