Transcat (TRNS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Transcat, Inc. reported revenue of $66.71 million for the quarter ended June 2024, reflecting a year-over-year increase of 10.1% and an EPS of $0.48, up from $0.38 in the same quarter last year [1] Financial Performance Metrics - The reported revenue of $66.71 million was a surprise of -3.40% compared to the Zacks Consensus Estimate of $69.06 million [3] - The EPS surprise was +65.52%, with the consensus EPS estimate being $0.29 [3] - Distribution Sales revenue was $22.93 million, compared to the estimated $24.76 million, marking a year-over-year increase of +10.3% [5] - Service Revenue was reported at $43.78 million, slightly below the average estimate of $43.92 million, with a year-over-year change of +29.2% [5] - Gross Profit from Distribution was $7.77 million, close to the average estimate of $7.78 million [5] - Gross Profit from Service was $14.88 million, compared to the estimated $15.05 million [5] Stock Performance - Transcat's shares have returned +17% over the past month, while the Zacks S&P 500 composite experienced a -0.2% change [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]