For the quarter ended June 2023, Transcat, Inc. (TRNS - Free Report) reported revenue of $60.6 million, up 10.9% over the same period last year. EPS came in at $0.38, compared to $0.40 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $59.63 million, representing a surprise of +1.62%. The company delivered an EPS surprise of +40.74%, with the consensus EPS estimate being $0.27.
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: $20.79 million compared to the $21.52 million average estimate based on three analysts. The reported number represents a change of 0% year over year.
- Revenue- Service Revenue: $33.88 million versus the three-analyst average estimate of $38.11 million. The reported number represents a year-over-year change of 0%.
- Gross Profit- Distribution: $5.20 million versus $5.58 million estimated by two analysts on average.
- Gross Profit- Service: $10.84 million compared to the $12.02 million average estimate based on two analysts.
View all Key Company Metrics for Transcat, Inc. here>>>Shares of Transcat, Inc. have returned -1.9% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended June 2023, Transcat, Inc. (TRNS - Free Report) reported revenue of $60.6 million, up 10.9% over the same period last year. EPS came in at $0.38, compared to $0.40 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $59.63 million, representing a surprise of +1.62%. The company delivered an EPS surprise of +40.74%, with the consensus EPS estimate being $0.27.
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: $20.79 million compared to the $21.52 million average estimate based on three analysts. The reported number represents a change of 0% year over year.
- Revenue- Service Revenue: $33.88 million versus the three-analyst average estimate of $38.11 million. The reported number represents a year-over-year change of 0%.
- Gross Profit- Distribution: $5.20 million versus $5.58 million estimated by two analysts on average.
- Gross Profit- Service: $10.84 million compared to the $12.02 million average estimate based on two analysts.
View all Key Company Metrics for Transcat, Inc. here>>>Shares of Transcat, Inc. have returned -1.9% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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