TransAct Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• TransAct Technologies Inc TACT.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -3 cents. The lone analyst forecast for the quarter was for a loss of 5 cents per share.

• Revenue rose 19% to $13.80 million from a year ago; analysts expected $12.55 million.

• TransAct Technologies Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $143 thousand.

• TransAct Technologies Inc shares had risen by 5.5% this quarter and lost 5.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.1% 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 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the computer hardware peer group is also "buy"

• Wall Street's median 12-month price target for TransAct Technologies Inc is $5.00, about 22.8% above its last closing price of $3.86

This summary was machine generated from LSEG data August 6 at 09:38 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)