Transcat Inc reports results for the quarter ended in January - Earnings Summary

Transcat

30/07/2024 10:21

* Transcat Inc  TRNS.OQ  reported quarterly adjusted
earnings of
48 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 38 cents.  The mean expectation of three analysts for the
quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 22 cents to 50 cents per share.
    * Revenue rose 10.1% to $66.71 million from a year ago;
analysts
expected $69.41 million. 
    * Transcat Inc's reported EPS for the quarter was 48 cents​.
    * The company reported quarterly net income of $4.41
million.
    * Transcat Inc shares had risen by 13.0% this quarter and
gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Transcat Inc is
$153.00 
This summary was machine generated from LSEG data July 30 at
09:21 a.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
 Jun. 30 2024      0.36           0.48           Beat
 Mar. 31 2024      0.53           0.77           Beat
 Dec. 31 2023      0.35           0.38           Beat
 Sep. 30 2023      0.39           0.06           Missed