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Should You Buy #1 (Strong Buy)-Ranked TransDigm Group (TDG) for Your Portfolio?
TransDigm Group was upgraded to the Zacks Rank #1 list on May 31, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Incepted in 1993, TransDigm Group is a leading global designer, producer and supplier of highly engineered aerospace components that are used in commercial and military aircraft. The company, through its well-diversified business, offers a broad range of products to its customers. TransDigm currently has four reportable segments:
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $1.67 to $24.01 per share. TDG boasts an average earnings surprise of 9%.
Analysts are expecting earnings to grow 40.1% for the current fiscal year, with revenue forecasted to rise 19.5%.
Even more impressive, TDG has gained in value over the past four weeks, up 1.1% compared to the S&P 500's gain of 1.1%.
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, TransDigm Group could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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