TransDigm FY24 Outlook Raised: Sales $7.87B-$7.93B (Prior $7.68B-$7.80B) Vs. $7.856B Estimate, Adj. EPS $32.62 to $33.42 (Prior: $31.75-$33.09) Vs. $33.19 Estimate
Portfolio Pulse from Benzinga Newsdesk
TransDigm has raised its FY24 outlook, with sales now expected to be between $7.87 billion and $7.93 billion, up from the previous range of $7.68 billion to $7.80 billion. The adjusted EPS is also increased to a range of $32.62 to $33.42, compared to the prior range of $31.75 to $33.09. These figures are in line with or slightly above analyst estimates.
August 06, 2024 | 11:19 am
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POSITIVE IMPACT
TransDigm has raised its FY24 sales and adjusted EPS outlook, with new ranges slightly above analyst estimates. This positive revision is likely to boost investor confidence and support the stock price in the short term.
The upward revision in both sales and adjusted EPS indicates strong business performance and positive future prospects. This is likely to enhance investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100