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Insights Into Transcat (TRNS) Q4: Wall Street Projections for Key Metrics
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In its upcoming report, Transcat, Inc. (TRNS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.66 per share, reflecting a decline of 14.3% compared to the same period last year. Revenues are forecasted to be $76.8 million, representing a year-over-year increase of 8.3%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Transcat metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Distribution Sales' to reach $26.57 million. The estimate suggests a change of +9.9% year over year.
Based on the collective assessment of analysts, 'Revenue- Service Revenue' should arrive at $50.24 million. The estimate points to a change of +7.5% from the year-ago quarter.
Analysts' assessment points toward 'Gross Profit- Distribution' reaching $8.00 million. Compared to the present estimate, the company reported $7.33 million in the same quarter last year.
The combined assessment of analysts suggests that 'Gross Profit- Service' will likely reach $16.99 million. The estimate is in contrast to the year-ago figure of $16.70 million.
Shares of Transcat have demonstrated returns of -5.6% over the past month compared to the Zacks S&P 500 composite's +9.9% change. With a Zacks Rank #3 (Hold), TRNS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Insights Into Transcat (TRNS) Q4: Wall Street Projections for Key Metrics
In its upcoming report, Transcat, Inc. (TRNS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.66 per share, reflecting a decline of 14.3% compared to the same period last year. Revenues are forecasted to be $76.8 million, representing a year-over-year increase of 8.3%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Transcat metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Distribution Sales' to reach $26.57 million. The estimate suggests a change of +9.9% year over year.
Based on the collective assessment of analysts, 'Revenue- Service Revenue' should arrive at $50.24 million. The estimate points to a change of +7.5% from the year-ago quarter.
Analysts' assessment points toward 'Gross Profit- Distribution' reaching $8.00 million. Compared to the present estimate, the company reported $7.33 million in the same quarter last year.
The combined assessment of analysts suggests that 'Gross Profit- Service' will likely reach $16.99 million. The estimate is in contrast to the year-ago figure of $16.70 million.
View all Key Company Metrics for Transcat here>>>
Shares of Transcat have demonstrated returns of -5.6% over the past month compared to the Zacks S&P 500 composite's +9.9% change. With a Zacks Rank #3 (Hold), TRNS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>