Transact Tech Inc Up 3.9% To $6.40 After Earnings Beat

Friday, November 10, 2023 - Transact Tech Inc (TACT) reported upside earnings and revenues today.

Transact Tech Inc's earnings came in at an EPS of $0.09 per share, 1000.00% higher than estimates for an EPS loss of $0.01 per share. The firm's earnings are up 80% since reporting $0.05 per share in the same period a year ago.

Analyst projections for Transact Tech Inc revenue came in at a consensus of $16.2 million. Third-Quarter revenues surpassed estimates for $17.2 million by $1 million (6%). The company achieved negative 4% growth year-over-year compared to the firm's revenue of $17.9 million from the year-ago quarter. The higher earnings growth relative to revenue signals Transact Tech Inc has improved its profit margin.

The stock is up 3.9% to $6.40 after the report.

Despite Transact Tech Inc reporting a decline in revenues, earnings increased signaling a rise in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 59. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Transact Technologies Inc develops and sells software-driven technology and printing solutions. The company's software is sold under BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. It also provides supplies and consumables used in the printing and scanning activities to restaurant and hospitality, banking, retail, casino and gaming, the point of sale automation, lottery, medical, mobile, oil, and gas markets. Most of the revenue is derived from the casinos and gaming industry followed by the Foodservice technology market. Its geographical segments are the United States and International, of which the majority of its revenue comes from the United States.