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

Financial Performance - For the quarter ended September 2024, Transcat, Inc. reported revenue of $67.83 million, an increase of 8% year-over-year [1] - The earnings per share (EPS) for the quarter was $0.35, down from $0.41 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $70.69 million, resulting in a surprise of -4.06% [1] - The company experienced an EPS surprise of -25.53%, with the consensus EPS estimate being $0.47 [1] Key Metrics - Distribution Sales revenue was $23.74 million, compared to the two-analyst average estimate of $25.34 million, reflecting a year-over-year change of +11.1% [3] - Service Revenue was reported at $44.08 million, below the estimated $45.47 million, with a year-over-year change of +6.4% [3] - Gross Profit from Distribution was $6.62 million, compared to the average estimate of $7.92 million [3] - Gross Profit from Service was $14.59 million, below the average estimate of $16.10 million [3] Stock Performance - Over the past month, shares of Transcat have returned -1.4%, while the Zacks S&P 500 composite has increased by +2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]