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Strength Seen in Triumph Group (TGI): Can Its 6.2% Jump Turn into More Strength?

Triumph Group (TGI) shares rallied 6.2% in the last trading session to close at $9.44. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 32.2% loss over the past four weeks.

The latest uptick in the share price performance of Triumph Group can be attributed to the latest addition of a member, Cynthia Egnotovich, to the company’s board, as an independent director.

This aircraft supplier is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of -140%. Revenues are expected to be $296.57 million, down 17% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Triumph Group, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TGI going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Triumph Group is part of the Zacks Aerospace - Defense Equipment industry. AerSale Corporation (ASLE), another stock in the same industry, closed the last trading session 2.2% higher at $18.85. ASLE has returned -6.4% in the past month.

For AerSale Corporation, the consensus EPS estimate for the upcoming report has changed -10% over the past month to $0.05. This represents a change of -77.3% from what the company reported a year ago. AerSale Corporation currently has a Zacks Rank of #1 (Strong Buy).

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Triumph Group, Inc. (TGI): Free Stock Analysis Report
AerSale Corporation (ASLE): Free Stock Analysis Report
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