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

TransAct Technologies

07/05/2024 14:32

* TransAct Technologies Inc  TACT.OQ  reported a quarterly
adjusted loss of 10 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 31 cents.  The mean expectation of two analysts
for the quarter was for a loss of 15 cents per share. Wall
Street expected results to range from -16 cents to -14 cents per
share.
    * Revenue fell 52% to $10.69 million from a year ago;
analysts
expected $11.39 million. 
    * TransAct Technologies Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $1.04 million.
    * TransAct Technologies Inc shares had fallen by 1.7% this
quarter and lost 26.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 275%
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." 
    * Wall Street's median 12-month price target for TransAct
Technologies Inc is $9.50 

This summary was machine generated from LSEG data May 7 at 01:32
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
 Mar. 31 2024      -0.15          -0.10          Beat
 Dec. 31 2023      -0.03          -0.01          Beat
 Sep. 30 2023      -0.01          0.09           Beat
 Jun. 30 2023      0.07           0.08           Beat