TransAct Technologies Incorporated (TACT) Reports Q3 Loss, Misses Revenue Estimates

Core Insights - TransAct Technologies Incorporated (TACT) reported a quarterly loss of $0.06 per share, which was better than the Zacks Consensus Estimate of a loss of$0.08, representing an earnings surprise of 25% [1] - The company posted revenues of $10.87 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.30$17.19 million year-over-year [2] - TransAct Technologies shares have declined approximately 38.5% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Financial Performance - Over the last four quarters, TransAct Technologies has surpassed consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of$12.8 million, and for the current fiscal year, it is -$0.26 on revenues of$46.94 million [7] Industry Context - The Computer - Peripheral Equipment industry, to which TransAct Technologies belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]