Transcat Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga
19 May

Transcat, Inc. (NASDAQ:TRNS) will release its fourth-quarter financial results after the closing bell on Monday, May 19.

Analysts expect the Rochester, New York-based company to report quarterly earnings at 62 cents per share, down from 66 cents per share in the year-ago period. Transcat projects quarterly revenue of $76.4 million, compared to $70.91 million a year earlier, according to data from Benzinga Pro.

On Jan. 27, Transcat posted mixed results for the third quarter.

Transcat shares gained 0.5% to close at $81.25 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Oppenheimer analyst Martin Yang downgraded the stock from Outperform to Perform on Jan. 29, 2025. This analyst has an accuracy rate of 77%.
  • Craig-Hallum analyst Greg Palm maintained a Buy rating and raised the price target from $113 to $125 on Dec. 12, 2024. This analyst has an accuracy rate of 69%.

Considering buying TRNS stock? Here’s what analysts think:

Read This Next:

  • Top 3 Consumer Stocks That May Fall Off A Cliff In Q2

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10