TransAct Technologies Inc reports results for the quarter ended in December - Earnings Summary

TransAct Technologies

12/03/2024 21:01

* TransAct Technologies Inc  TACT.OQ  reported a quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 3 cents.  The mean expectation of
two analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -4 cents to -3
cents per share.
    * Revenue fell 26.1% to $13.27 million from a year ago;
analysts
expected $13.60 million. 
    * TransAct Technologies Inc's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $62 thousand.
    * TransAct Technologies Inc shares had fallen by 0.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the computer
hardware
peer group is also "buy"

Wall Street's median 12-month price target for TransAct
Technologies Inc is $10.00 
This summary was machine generated from LSEG data March 12 at
09:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.03          -0.01          Beat
 Sep. 30 2023      -0.01          0.09           Beat
 Jun. 30 2023      0.07           0.08           Beat
 Mar. 31 2023      0.03           0.31           Beat