Triumph Group Second Quarter Earnings Sneak Peek

Triumph Group Inc (NYSE:TGI) will unveil its latest earnings on Tuesday, October 30, 2012. Triumph Group designs, engineers, manufactures and sells products for the aviation and aerospace industries.

Triumph Group Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.32 per share, a rise of 14.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.31. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 15.4% versus last year to $5.78.

Past Earnings Performance: Last quarter, the company beat estimates by 19 cents, coming in at profit of $1.48 a share versus the estimate of net income of $1.29 a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the first quarter, profit rose 52% to $76.3 million ($1.46 a share) from $50.2 million (98 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5% to $887.7 million from $845.1 million.

Wall St. Revenue Expectations: Analysts are projecting a rise of 11.3% in revenue from the year-earlier quarter to $880.2 million.

Stock Price Performance: Between August 28, 2012 and October 24, 2012, the stock price had risen $3.17 (5.3%), from $59.44 to $62.61. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 10, 2012, when shares rose for seven straight days, increasing 5.4% (+$3.15) over that span. It saw one of its worst periods between April 2, 2012 and April 10, 2012 when shares fell for six straight days, dropping 8.5% (-$5.47) over that span.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 47.6% in the third quarter of the last fiscal year and more than twofold in the fourth quarter of the last fiscal year before increasing again in the first quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 2.8% in the second quarter of the last fiscal year, 1.9% in the third quarter of the last fiscal year and 3% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Analyst Ratings: With nine analysts rating the stock a buy, none rating it a sell and none rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.11 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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