Transcat, Inc. (TRNS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2023, Transcat, Inc. (TRNS) 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Transcat, Inc. (TRNS) : Free Stock Analysis Report
