Find out by reading the original article on StockStory, it\u2019s free<\/a>.<\/p>\nThis quarter, analysts are expecting Transcat\u2019s revenue to grow 7.9% year on year to $70.3 million, slowing from the 13.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.50 per share.<\/p>\n
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 missed Wall Street\u2019s revenue estimates three times over the last two years. <\/p>\n
Looking at Transcat\u2019s peers in the industrial distributors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. MSC Industrial\u2019s revenues decreased 2.7% year on year, beating analysts\u2019 expectations by 2.6%, and Fastenal (NASDAQ:) reported revenues up 3.7%, falling short of estimates by 0.9%. MSC Industrial\u2019s stock price was unchanged after the results, while Fastenal was up 1.8%.<\/p>\n
Read the full analysis of MSC Industrial\u2019s and Fastenal\u2019s results on StockStory.<\/p>\n
There has been positive sentiment among investors in the industrial distributors segment, with share prices up 6.3% on average over the last month. Transcat\u2019s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $121.20 (compared to the current share price of $105).<\/p>\n<\/div>\n<\/div>\n