Analysts were expecting TransDigm Group Incorporated (TDG) [Chart - News - Analysis] to report earnings of $0.84 for last quarter, but TDG beat expectations with actual earnings of $0.89---5 cents above the consensus estimate. TDG also issued earnings guidance for next quarter that is in line with current analyst expectations.

If you compare last quarter's earnings to the $0.78 the company made per share during the same quarter a year ago, you can see that TDG’s earnings are up this year.

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Also, if you compare TDG's 19.00% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 10.55% for the Aerospace/Defense Products & Services industry as a whole during that same time frame, you can see that analysts expect TDG to outperform the industry in the future---which is a good sign for the stock.

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Drilling down a little deeper into the Aerospace/Defense Products & Services industry, you can see how analysts believe TDG will stack up against some of the other stocks in the industry, like General Dynamics Corp. (GD) [Chart - News - Analysis] and Goodrich Corp. (GR) [Chart - News - Analysis], in the future. Analysts believe GD's earnings are going to grow at a rate of 8.71% while GR's earnings are going to grow at a rate of 10.59%.

Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.

- Earnings Season is Here - Find Out How to Trade It

- Using Options to Trade Earnings

- Understanding Stock Analyst Research and Recommendations

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