TransDigm Group Inc reports results for the quarter ended December 31 - Earnings Summary

• TransDigm Group Inc TDG.N reported quarterly adjusted earnings of $7.83​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $7.16. The mean expectation of twenty one analysts for the quarter was for earnings of $7.65 per share. Wall Street expected results to range from $6.77 to $8.49 per share.

• Revenue rose 12.1% to $2.01 billion from a year ago; analysts expected $2.03 billion.

• TransDigm Group Inc's reported EPS for the quarter was $7.62​.

• The company reported quarterly net income of $444 million.

• TransDigm Group Inc shares had risen by 6.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "buy"

Wall Street's median 12-month price target for TransDigm Group Inc is $1,500.00

This summary was machine generated from LSEG data February 4 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)