Triumph (US:TGI) zacks.com·2024-05-23 12:11Core Insights - Triumph Group (TGI) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, but down from $0.39 per share a year ago, indicating an earnings surprise of 158.33% [1] - The company generated revenues of $358.59 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.37%, but down from $393.29 million year-over-year [2] - The stock has underperformed the market, losing about 9.5% since the beginning of the year compared to the S&P 500's gain of 11.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $285.02 million, and for the current fiscal year, it is $0.63 on revenues of $1.26 billion [7] - The estimate revisions trend for Triumph Group is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Aerospace - Defense Equipment industry, to which Triumph Group belongs, is currently in the top 34% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]