Not according to the IRS. Here's what they have to say:
"No, a tax transcript will not help you determine when you will get your refund. IRS transcripts are best and most often used to validate past income and tax filing status for mortgage, student and small business loan applications and to help with tax preparation. The best way to check on your refund is by visiting Where’s My Refund? The codes listed on tax transcripts don’t provide any early insight regarding when we’ll issue your refund."