TransDigm FY24 Outlook Raised: Sales $7.68B-$7.80B (Prior $7.58B-$7.76B) Vs. $7.73B Estimate, Adj. EPS $31.75-$33.09 (Prior: $29.97- $31.73) Vs. $31.86 Estimate
Portfolio Pulse from Benzinga Newsdesk
TransDigm has raised its FY24 outlook, with sales now expected to be between $7.68B-$7.80B, up from the prior $7.58B-$7.76B range, and adjusted EPS forecasted to be $31.75-$33.09, up from the previous $29.97-$31.73 range. These figures surpass the $7.73B sales estimate and are in line with the $31.86 EPS estimate.
May 07, 2024 | 11:18 am
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POSITIVE IMPACT
TransDigm has raised its FY24 sales and EPS outlook, indicating stronger performance than previously anticipated.
The upward revision in both sales and EPS forecasts for FY24 suggests that TransDigm is experiencing stronger demand and operational efficiency than initially expected. This positive adjustment is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term as it exceeds sales estimates and aligns with EPS expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100