5) Aerospace Manufacturing Preview
This week is a key week for earnings from aerospace and defense companies, with a slew of names speaking at investor conferences. The rundown for earning reports includes
(TDG - Get Report)
on Thursday and
(FLIR - Get Report)
on Friday. The analysts at UBS have a mixed preview of the stocks.
TransDigm beat estimates earlier today, reporting earnings, excluding items, of $1.42 a share compared to the forecast of $1.25 a share. Sales rose 51% to $352 million, north of the $345.8 million forecast. As expected, the company raised its guidance for 2012 in light of its closed acquisition of Harco.
Prior to Tuesday's earnings report,
TransDign a buy. Out of 14 analysts, 7 rate the stock at a strong buy, 1 at a moderate buy and 6 at a hold.
rated a strong buy
by 13 of 20 analysts following the company. "While SPR has had a good run it still trades at a sizeable discount and we see upside on an in line guide with positive [free cash flow]," writes UBS in a recent report.
rated a hold stock
-- Written by Chao Deng in New York.
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