Transcat (TRNS) Reports Q3 Results Tomorrow

Measurement equipment distributor Transcat (NASDAQ:TRNS) will be reporting results this Monday after the bell. Here’s what to expect.

Transcat beat analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $76.42 million, up 14.6% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is Transcat a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Transcat’s revenue to grow 17.2% year on year to $79.51 million, improving from the 8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Transcat has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 5.7% on average.

Looking at Transcat’s peers in the maintenance and repair distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. MSC Industrial delivered year-on-year revenue growth of 2.7%, beating analysts’ expectations by 1.5%, and WESCO reported revenues up 12.9%, topping estimates by 4.9%. MSC Industrial traded up 1.1% following the results while WESCO was also up 13.8%.

Read our full analysis of MSC Industrial’s results here and WESCO’s results here.

Investors in the maintenance and repair distributors segment have had steady hands going into earnings, with share prices flat over the last month. Transcat’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $106.75 (compared to the current share price of $72.66).

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