Will TransDigm (TDG) Beat Estimates Again in Its Next Earnings Report?

What happened: TransDigm Group (TDG) has beaten earnings estimates in its last two reports and its next quarterly report is upcoming, according to an analysis of its estimate trends. Key numbers: Last quarter EPS came in at $10.87 versus a $10.29 estimate, a 5.64% surprise. The prior quarter was $9.85 versus $9.32, a 5.69% surprise. Average surprise over two quarters was 5.66%. Earnings ESP is +2.32%. Why it matters: TransDigm holds a Zacks Rank #2 (Buy), and the positive Earnings ESP suggests analysts have turned bullish on its earnings prospects, indicating another beat is possibly ahead. Market: -0.6% by next close ($1,112.36 on Oct 13), -18.4% YTD

TransDigm Group (TDG) has beaten earnings estimates in its last two reports and its next quarterly report is upcoming, according to an analysis of its estimate trends.

TransDigm holds a Zacks Rank #2 (Buy), and the positive Earnings ESP suggests analysts have turned bullish on its earnings prospects, indicating another beat is possibly ahead. Market: -0.6% by next close ($1,112.36 on Oct 13), -18.4% YTD