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

Transcat

20/05/2024 23:08

* Transcat Inc  TRNS.OQ  reported quarterly adjusted
earnings of
77 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 48
cents.  The mean expectation of five analysts for the quarter
was for earnings of 53 cents per share. Wall Street expected
results to range from 50 cents to 56 cents per share.
    * Revenue rose 14.3% to $70.91 million from a year ago;
analysts
expected $68.60 million. 
    * Transcat Inc's reported EPS for the quarter was 77 cents​.
    * The company reported quarterly net income of $6.89
million.
    * Transcat Inc shares had risen by 10.5% this quarter and
gained 12.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
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 5 "strong buy" or "buy," no
"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
$124.00 
This summary was machine generated from LSEG data May 20 at
10:08 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      0.53           0.77           Beat
 Dec. 31 2023      0.35           0.38           Beat
 Sep. 30 2023      0.39           0.06           Missed
 Jun. 30 2023      0.27           0.38           Beat