Exploring Transcat's Earnings Expectations

Transcat (NASDAQ:TRNS) will release its quarterly earnings report on Monday, 2024-10-28. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Transcat to report an earnings per share (EPS) of $0.46.

Anticipation surrounds Transcat's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

The company's EPS beat by $0.32 in the last quarter, leading to a 13.52% drop in the share price on the following day.

Here's a look at Transcat's past performance and the resulting price change:

Quarter

Q1 2025

Q4 2024

Q3 2024

Q2 2024

EPS Estimate

0.36

0.53

0.35

0.39

EPS Actual

0.68

0.66

0.56

0.60

Price Change %

-14.000000000000002%

14.000000000000002%

7.000000000000001%

-3.0%

Performance of Transcat Shares

Shares of Transcat were trading at $123.46 as of October 24. Over the last 52-week period, shares are up 30.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Transcat

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Transcat.

A total of 3 analyst ratings have been received for Transcat, with the consensus rating being Buy. The average one-year price target stands at $150.0, suggesting a potential 21.5% ...