Transcat Inc reports results for the quarter ended December 31 - Earnings Summary

• Transcat Inc TRNS.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of four analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 29 cents to 38 cents per share.

• Revenue rose 2.4% to $66.75 million from a year ago; analysts expected $70.31 million.

• Transcat Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $2.36 million.

• Transcat Inc shares had fallen by 5.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25% 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 4 "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 $125.00

This summary was machine generated from LSEG data January 27 at 10:01 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)