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InTest Corporation (INTT) Q3 Earnings Surpass Estimates
ZACKS· 2024-11-01 12:25
Company Performance - InTest Corporation (INTT) reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, but down from $0.28 per share a year ago, representing an earnings surprise of 42.86% [1] - The company posted revenues of $30.27 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.18% and down from $32.66 million year-over-year [2] - Over the last four quarters, InTest has surpassed consensus EPS estimates three times but has topped consensus revenue estimates only once [2] Stock Performance - InTest shares have declined approximately 47.3% since the beginning of the year, contrasting with the S&P 500's gain of 19.6% [3] - The current Zacks Rank for InTest is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $33.63 million, and for the current fiscal year, it is $0.35 on revenues of $130.42 million [7] - The outlook for the Electronics - Measuring Instruments industry, where InTest operates, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]
inTEST (INTT) - 2024 Q3 - Quarterly Results
2024-11-01 10:20
Exhibit 99.1 NEWS RELEASE 804 East Gate Drive, Suite 200, Mount Laurel, NJ 08054 FOR IMMEDIATE RELEASE inTEST Achieves 46.3% Gross Margin for Third Quarter 2024 ● Gross margin expanded 570 basis points compared with the second quarter 2024 on $3.7 million less revenue; third quarter revenue was $30.3 million ● Operating income increased sequentially by $0.2 million and operating margin expanded 60 basis points on improved mix, cost actions and operational execution ● Orders1 grew 5% year-over-year and 7% se ...
inTEST (INTT) - 2024 Q2 - Quarterly Report
2024-08-09 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-36117 inTEST Corporation (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporat ...
inTEST (INTT) - 2024 Q2 - Earnings Call Transcript
2024-08-03 13:18
inTEST Corporation. (NYSE:INTT) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Sean Suter - Investor Relations Nick Grant - President and Chief Executive Officer Duncan Gilmour - Chief Financial Officer and Treasurer Conference Call Participants Jason Schmidt - Lake Street Capital Markets Edward Jackson - Northland Securities Operator Greetings, and welcome to inTEST Corporation Second Quarter 2024 Financial Results Call. [Operator Instructions] As a reminder, this conferenc ...
inTEST (INTT) - 2024 Q2 - Earnings Call Presentation
2024-08-03 11:17
inTEST Corporation Q2 2024 Financial Results Conference Call Nick Grant, President and CEO Duncan Gilmour, CFO and Treasurer August 2, 2024 Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company's plans, strategies and intentions, or ou ...
InTest Corporation (INTT) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2024-08-02 12:50
InTest Corporation (INTT) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -46.67%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.10, delivering a surprise of 25%. Over the last four quarters, the compa ...
inTEST (INTT) - 2024 Q2 - Quarterly Results
2024-08-02 10:45
Exhibit 99.1 NEWS RELEASE 804 East Gate Drive, Suite 200, Mount Laurel, NJ 08054 for immediate release inTEST Reports 4% Revenue Growth for Second Quarter 2024 ● Revenue increased 4% year-over-year and 14% sequentially to a record $34.0 million due to the acquisition of Alfamation ● Market diversification strategy helped to of set continued weakness in semiconductor industry ● Orders1 improved 15% sequentially to $26.2 million; excluding Alfamation, orders improved 10% sequentially ● Earnings per diluted sh ...
inTEST (INTT) - 2024 Q1 - Quarterly Report
2024-05-09 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 inTEST Corporation (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation or organization) FORM 10-Q (Mark One) For the transition period from to ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissio ...
inTEST (INTT) - 2024 Q1 - Earnings Call Transcript
2024-05-07 03:48
inTEST Corporation (NYSE:INTT) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants Sean Suter - Investor Relations Nick Grant - President and Chief Executive Officer Duncan Gilmour - Chief Financial Officer and Treasurer Conference Call Participants Jason Schmidt - Lake Street Capital Ted Jackson - Northland Securities Peter Wright - Intro-act Operator Ladies and gentleman, Greetings, and welcome to the inTEST Corporation First Quarter 2024 Financial Conference Call. At this time, a ...
inTEST (INTT) - 2024 Q1 - Earnings Call Presentation
2024-05-07 03:36
inTEST Corporation Q1 2024 Financial Results Conference Call Nick Grant, President and CEO Duncan Gilmour, CFO and Treasurer May 6, 2024 Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company's plans, strategies and intentions, or our f ...