Transcat, Inc. (NASDAQ:TRNS) is expected to report second quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.17 per share from revenue of $ 40.29 million.
Looking ahead, the full year income are expected at $ 0.82 per share on the revenues of $ 170.42 million.
Previous Quarter Performance
Transcat, Inc. recorded income for the first quarter of $ 0.11 per share, from the revenue of $ 38.90 million. The quarterly earnings shrunk 52.17 percent while revenues elevated 0.03 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.03 per share from $ 39.39 million in revenue. The bottom line results beat street analysts by $ 0.14 or 466.67 percent, at the same time, top line results fell short of analysts by $ 0.49 million or 1.24 percent.
Stock Performance
Shares of Transcat, Inc. traded low $ -0.32 or -1.17 percent on Friday, reaching $ 27.09 with volume of 18.20 thousand shares. Transcat, Inc. has traded high as $ 27.51 and has cracked $ 26.75 on the downward trend
According to the previous trading day, closing price of $ 27.09, representing a 66.12 % increase from the 52 week low of $ 16.50 and a 19.81 % decrease over the 52 week high of $ 34.18.
The company has a market capital of $ 200.83 million and is part of the Technology sector and Scientific & Technical Instruments industry.
Transcat, Inc. provides calibration and laboratory instrument services in North America and internationally. It operates in two segments, Service and Distribution.
