Transdigm Group Incorporated (NYSE:TDG) is reporting fourth quarter financial results on Thursday 12th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, TDG is expected to report 4Q20 income of $ 1.98 per share from revenue of $ 1095.95 million.
For the full year, analysts anticipate top line of $ 5018.23 million, while looking forward to income of $ 13.51 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 6,175.00 million ~ $ 6,325.00 million, where as bottomline are predicted in a range of $ 19.80 ~ $ 21.20 per share
Click Here For More Historical Outlooks Of Transdigm Group Incorporated
Previous Quarter Performance
Transdigm Group Incorporated announced income for the third quarter of $ 1.54 per share, from the revenue of $ 1,022.00 million. The quarterly earnings shrunk 68.89 percent while revenues reduced 38.37 percent compared with the same quarter last year.
According to street consensus, TDG was expected to report 3Q20 income of $ 0.94 per share from revenue of $ 1013.97 million. The bottom line results beat street analysts by $ 0.6 or 63.83 percent, at the same time, top line results outshined analysts by $ 8.03 million or 0.79 percent.
Stock Performance
Shares of Transdigm Group Incorporated traded low $ -13.57 or -2.36 percent on Wednesday, reaching $ 560.81 with volume of 394.00 thousand shares. Transdigm Group Incorporated has traded high as $ 577.95 and has cracked $ 553.49 on the downward trend
The closing price of $ 560.81, representing a 187.10 % increase from the 52 week low of $ 200.06 and a 14.72 % decrease over the 52 week high of $ 673.51.
The company has a market capital of $ 30.40 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 17th September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 577.00 target price.
Conference Call
Transdigm Group Incorporated will be hosting a conference call at 11:00 AM eastern time on 12th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (833) 397-0943 or (720) 405-3217 Outside U.S., and the passcode is 8789968 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.transdigm.com
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
