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Compared to Estimates, Transcat, Inc. (TRNS) Q2 Earnings: A Look at Key Metrics
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Transcat, Inc. (TRNS - Free Report) reported $62.8 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 11.3%. EPS of $0.41 for the same period compares to $0.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $62.06 million, representing a surprise of +1.20%. The company delivered an EPS surprise of +10.81%, with the consensus EPS estimate being $0.37.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Transcat, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Distribution Sales: $21.37 million compared to the $21.89 million average estimate based on three analysts. The reported number represents a change of +1% year over year.
Revenue- Service Revenue: $41.43 million compared to the $39.85 million average estimate based on three analysts. The reported number represents a change of +17.5% year over year.
Gross Profit- Distribution: $6.04 million versus $5.86 million estimated by two analysts on average.
Gross Profit- Service: $14.08 million compared to the $13.08 million average estimate based on two analysts.
Shares of Transcat, Inc. have returned -6.6% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Transcat, Inc. (TRNS) Q2 Earnings: A Look at Key Metrics
Transcat, Inc. (TRNS - Free Report) reported $62.8 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 11.3%. EPS of $0.41 for the same period compares to $0.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $62.06 million, representing a surprise of +1.20%. The company delivered an EPS surprise of +10.81%, with the consensus EPS estimate being $0.37.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Transcat, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Distribution Sales: $21.37 million compared to the $21.89 million average estimate based on three analysts. The reported number represents a change of +1% year over year.
- Revenue- Service Revenue: $41.43 million compared to the $39.85 million average estimate based on three analysts. The reported number represents a change of +17.5% year over year.
- Gross Profit- Distribution: $6.04 million versus $5.86 million estimated by two analysts on average.
- Gross Profit- Service: $14.08 million compared to the $13.08 million average estimate based on two analysts.
View all Key Company Metrics for Transcat, Inc. here>>>Shares of Transcat, Inc. have returned -6.6% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.