Transcat (TRNS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended September 2024, Transcat, Inc. (TRNS) reported revenue of $67.83 million, up 8% over the same period last year. EPS came in at $0.35, compared to $0.41 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $70.69 million, representing a surprise of -4.06%. The company delivered an EPS surprise of -25.53%, with the consensus EPS estimate being $0.47.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.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Transcat performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Distribution Sales: $23.74 million versus the two-analyst average estimate of $25.34 million. The reported number represents a year-over-year change of +11.1%. Revenue- Service Revenue: $44.08 million versus $45.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change. Gross Profit- Distribution: $6.62 million versus the two-analyst average estimate of $7.92 million. Gross Profit- Service: $14.59 million versus the two-analyst average estimate of $16.10 million. View all Key Company Metrics for Transcat here>>>Shares of Transcat have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2% 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.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks