Earnings Outlook For Transact Technologies
Portfolio Pulse from Benzinga Insights
Transact Technologies (NASDAQ:TACT) is scheduled to release its quarterly earnings report on 2024-03-12, with analysts expecting an EPS of $-0.03. The company's past earnings performance shows a pattern of beating EPS estimates, leading to significant share price movements. Shares are currently trading at $6.9, down 3.46% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
March 11, 2024 | 4:02 pm
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Transact Technologies is expected to report an EPS of $-0.03 for the upcoming quarter. Historical data shows its ability to beat estimates, positively impacting its stock price.
Given Transact Technologies' history of beating EPS estimates and the subsequent positive impact on its stock price, there's a potential for a short-term positive movement if the trend continues. However, the overall 52-week performance indicates a bearish trend, which might temper the immediate impact of a positive earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100