Triumph Group Inc reports results for the quarter ended in June - Earnings Summary

Triumph

07/08/2024 14:51

* Triumph Group Inc  TGI.N  reported a quarterly adjusted
loss
of 6 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -10 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -14 cents to 3 cents per share.
    * Revenue fell 14.1% to $281.02 million from a year ago;
analysts
expected $269.97 million. 
    * Triumph Group Inc's reported EPS for the quarter was a
loss
of 18 cents​.
    * The company reported a quarterly loss of $14.09 million.
    * Triumph Group Inc shares had fallen by 0.4% this
quarter and
lost 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 174.5% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Triumph Group Inc
is $18.50 
This summary was machine generated from LSEG data August 7 at
01:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.05          -0.06          Missed
 Mar. 31 2024      0.20           0.31           Beat
 Dec. 31 2023      0.14           -0.16          Missed
 Sep. 30 2023      -0.01          0.01           Beat