TransAct Technologies Inc expected to post a loss of 16 cents a share - Earnings Preview

TransAct Technologies

07/08/2024 01:23

* TransAct Technologies Inc  TACT.OQ   TACT.O  is expected
to show
a fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Hamden Connecticut-based  company is expected to
report a
47.6% decrease in revenue to $10.438 million from $19.91 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for TransAct Technologies
Inc is
for a loss of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TransAct
Technologies Inc is $6.75​, above​ its last closing price
of $3.54. ​​​

This summary was machine generated August 7 at 00:22 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)