Triumph Group Increases Sales but Misses Revenue Estimate
Triumph Group (NYS: TGI) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), Triumph Group missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share expanded slightly.
Margins dropped across the board.
Triumph Group logged revenue of $943.7 million. The 14 analysts polled by S&P Capital IQ predicted sales of $966.0 million on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $887.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $1.54. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.54 per share. Non-GAAP EPS of $1.54 for Q1 were 4.1% higher than the prior-year quarter's $1.48 per share. GAAP EPS of $1.50 for Q1 were 2.7% higher than the prior-year quarter's $1.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 19.0%, 760 basis points worse than the prior-year quarter. Operating margin was 15.0%, 110 basis points worse than the prior-year quarter. Net margin was 8.4%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $978.6 million. On the bottom line, the average EPS estimate is $1.56.
Next year's average estimate for revenue is $3.92 billion. The average EPS estimate is $6.48.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 244 members out of 252 rating the stock outperform, and eight members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Triumph Group a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triumph Group is outperform, with an average price target of $87.71.
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The article Triumph Group Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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