Triumph Group Third Quarter Earnings Sneak Peek

Triumph Group Inc (NYSE:TGI) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. 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 estimate of analysts is for profit of $1.41 per share, a rise of 9.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 20% compared to last year’s $6.01.

Past Earnings Performance: Last quarter, the company beat estimates by 25 cents, coming in at net income of $1.57 a share versus the estimate of profit of $1.32 a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the second quarter, profit rose 37.1% to $80.2 million ($1.53 a share) from $58.5 million ($1.13 a share) the year earlier, exceeding analyst expectations. Revenue rose 18.7% to $938.2 million from $790.5 million.

Here’s how Triumph Group traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

tgi

Wall St. Revenue Expectations: Analysts are projecting a rise of 8.7% in revenue from the year-earlier quarter to $897.8 million.

Analyst Ratings: With 10 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.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose more than twofold in the fourth quarter of the last fiscal year and 52% in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 1.9% in the third quarter of the last fiscal year, 3% in the fourth quarter of the last fiscal year and 5% in the first quarter before increasing again in the second quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.24 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)