TransDigm FY24 Outlook Revised: Sales $7.58B-$7.76B (Prior $7.48B - $7.68B) Vs. $7.63B Estimate, Adj. EPS $29.97- $31.73 (Prior: $31.00 - $32.94) Vs. $32.31 Estimate
Portfolio Pulse from Benzinga Newsdesk
TransDigm has updated its FY24 outlook, raising its sales forecast to $7.58B-$7.76B from the previous $7.48B-$7.68B, against a $7.63B estimate. However, it has revised its adjusted EPS forecast down to $29.97-$31.73 from the earlier $31.00-$32.94, compared to a $32.31 estimate.

February 08, 2024 | 12:20 pm
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NEUTRAL IMPACT
TransDigm has raised its sales forecast for FY24 but lowered its adjusted EPS expectations.
The mixed revision in TransDigm's outlook, with an increase in sales forecast but a decrease in adjusted EPS, presents a nuanced picture for investors. The higher sales forecast could indicate stronger demand or market share gains, potentially positive for the stock. However, the lowered EPS forecast might reflect cost pressures or other challenges, which could temper investor enthusiasm. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100