Triumph Group Up 12.14% To $8.87 After Earnings Beat

Tuesday, November 7, 2023 - Triumph Group (TGI) reported upside earnings and revenues today.

Triumph Group's earnings came in at an EPS of $0.01 per share, 200.00% higher than estimates for an EPS loss of $0.01 per share. The firm's earnings are down 86% since reporting $0.07 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus analyst estimates were at $337.4 million. The Industrials company managed to surpass those expectations for its second quarter with revenue of $354.1 million, a positive revenue surprise of $16.7 million (5%). The firm managed 15% growth year-over-year due to Triumph Group reporting quarterly revenue of $307.6 million in its year-ago quarter. Triumph Group achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is up 12.14% to $8.87 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Triumph Group has performed a little below average during the past few months. Before the report, Triumph Group received a Long-Term Technical Rank by InvestorsObserver of 36, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $7 on October 6, 2023 and set a 52-week high on July 12, 2023 at $13.33.

Triumph Group Inc designs and manufactures a broad portfolio of aerostructures, aircraft components, and systems for the aviation industry. It serves a worldwide customer base of players in the commercial, business, and military markets. The company operates under two operating segments: Systems & Support, which designs, develops, and supports proprietary components; and Aerospace structures, which supplies large metallic and composite structures to a wide range of manufacturers.