Recap: Transcat Q3 Earnings - Transcat (NASDAQ:TRNS)

Transcat TRNS reported its Q3 earnings results on Tuesday, February 1, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Transcat missed estimated earnings by 16.0%, reporting an EPS of $0.21 versus an estimate of $0.25, which surprised analysts.

Revenue was up $6.84 million from the same period last year.

Last quarter the company beat on EPS by $0.03, which was followed by a 7.0% increase in the share price the next day.

Here's a look at Transcat's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.37	0.25	0.32	0.19
EPS Actual	0.40	0.49	0.42	0.23
Revenue Estimate	48.05M	44.42M	46.18M	42.67M
Revenue Actual	50.39M	47.79M	48.76M	44.06M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.