All You Need to Know About TransAct Technologies (TACT) Rating Upgrade to Buy

Core Viewpoint - TransAct Technologies Incorporated (TACT) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, which reflects the changing earnings picture of a company [1][2]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [4]. Recent Performance of TransAct Technologies - TransAct Technologies is expected to earn -$0.26 per share for the fiscal year ending December 2024, representing a year-over-year change of -144.1% [8]. - Over the past three months, the Zacks Consensus Estimate for TransAct Technologies has increased by 42.2%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks generating an average annual return of +25% since 1988 [7]. - The upgrade of TransAct Technologies to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].