TransDigm FY24 Outlook: Sales $7.48B - $7.68B Vs. $7.37B Estimate, Adj. EPS $31.00 - $32.94 Vs. $31.07 Estimate
Portfolio Pulse from Benzinga Newsdesk
TransDigm Group Incorporated (TDG) has issued its fiscal 2024 guidance, expecting net sales to be in the range of $7.48 billion to $7.68 billion, up from $6.585 billion in fiscal 2023. The company also anticipates net income from continuing operations to be between $1.641 billion and $1.753 billion, and adjusted earnings per share to be between $31.00 and $32.94. The guidance excludes any impact from the pending acquisition of the Electron Device Business of CPI.
November 09, 2023 | 12:23 pm
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POSITIVE IMPACT
TransDigm's FY24 guidance indicates expected growth in net sales, net income, and adjusted EPS. This could potentially lead to a positive impact on the company's stock.
The company's guidance for fiscal 2024 indicates expected growth in key financial metrics, which is generally a positive signal for investors. This could potentially lead to increased investor confidence and a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100