Transcat Inc reports results for the quarter ended in September 30 - Earnings Summary

Transcat

29/10/2024 02:26

* Transcat Inc  TRNS.OQ  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of three analysts for the
quarter was for earnings of 46 cents per share. Wall Street
expected results to range from 43 cents to 51 cents per share.
    * Revenue rose 8% to $67.83 million from a year ago;
analysts
expected $70.29 million. 
    * Transcat Inc's reported EPS for the quarter was 35 cents​.
    * The company reported quarterly net income of $3.29
million.
    * Transcat Inc shares had fallen by 0.8% this quarter and
gained 9.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
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," 2
"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
$144.49 
This summary was machine generated from LSEG data October 29 at
02:26 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
 Sep. 30 2024      0.46           0.35           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