Expectations trend
FY2028 · fiscal year ending 2028-03-28 · fmp
Transcat, Inc. (TRNS)
NASDAQIndustrialsSpecialty Business ServicesSnapshot 2026-11-05
$100.38-7.17%
Close 2026-11-05 · 1-day change
NASDAQIndustrialsSpecialty Business ServicesSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
2.17 → 2.17 EPS · FY ending Mar 28, 2028 · 4 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 4; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for TRNS yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Successful CEO transition and strategic execution | The new CEO and recent M&A activity support strategic growth. | Improving | CEO transition leads to strategic setbacks or increased volatility | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-03-28 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a growing industrial services business with signs of durable growth and stronger operations, rather than a turnaround story. The long-term thesis is intact, though the evidence has medium confidence and the risk level is elevated.
The valuation is tagged as stretched and is about twice the peer level, reflecting a durable premium. The expectations gap is modestly positive, but model confidence is low, so the evidence on what the market assumes is limited.
Near term, service growth and margin progress support the business: service revenue rose 27.3% year over year in 2026-Q2, while adjusted EBITDA grew 18.6%. Management remains focused on high single-digit service growth and margin expansion for fiscal 2027; guidance cuts are a key risk, especially with industry peers recently missing expectations.
The multi-year view depends on continued service growth, margin expansion, and effective integration of the SCM acquisition. Near term, a guidance cut would weaken the thesis, while results and guidance from industrial peers such as CTAS, CPRT, and ROL could signal whether the sector backdrop remains supportive.
Over the next 1 to 3 years, TRNS has a credible operating-growth case, but its stretched valuation, sector headwind, and elevated risk make execution important. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| The new CEO and recent M&A activity support strategic growth. |
| Improving |
| Failure to complete or integrate material M&A deals by FY27 |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
High single-digit service organic revenue growth | Transcat targets high single-digit service revenue growth for fiscal 2027. | Intact | service organic revenue growth falls below 5% in FY27 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 3 supplied quarters. Management reported: “For the full fiscal year 2027, assuming the broader economic environment remains stable, we now expect Service organic revenue growth in the low double digits, up from our prior outlook of high single digits, along with Service gross margin expansion.” “We expect year-over-year Service gross margin expansion of at least 100 bps in the second half, driven by initiatives to continuously improve customer-facing business processes by applying proven Lean principles, optimizing business mix and pricing, and utilizing technology, including AI, to improve productivity and deliver greater value to customers.” Revenue was $97.090 million in 2027-Q2. Delivery assessment Nov 5, 2026 |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$2.14 → $2.17 · observed estimates
$0.39B → $0.40B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-07-25 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-07-26 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-07-27 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-07-28 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-07-29 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-07-30 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-07-31 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-08-01 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-08-02 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-08-03 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-08-04 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-08-05 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-08-06 | $2.14 | $386,658,500 | 3 / 3 |
| 2026-08-08 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-09 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-10 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-12 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-13 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-14 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-15 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-16 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-17 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-18 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-19 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-20 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-21 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-22 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-23 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-24 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-25 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-26 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-27 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-28 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-29 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-30 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-08-31 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-01 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-02 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-03 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-04 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-05 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-06 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-07 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-08 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-09 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-10 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-11 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-12 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-13 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-14 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-15 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-16 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-17 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-18 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-19 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-20 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-21 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-22 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-23 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-24 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-25 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-26 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-27 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-28 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-29 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-09-30 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-01 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-02 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-03 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-04 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-05 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-06 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-07 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-08 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-09 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-10 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-11 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-12 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-13 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-14 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-15 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-16 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-17 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-18 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-19 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-20 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-21 | $2.17 | $397,682,500 | 3 / 3 |
| 2026-10-22 | $2.17 | $397,690,750 | 3 / 3 |
| 2026-10-23 | $2.17 | $397,690,750 | 3 / 3 |
| 2026-10-24 | $2.17 | $397,690,750 | 3 / 3 |
| 2026-10-25 | $2.17 | $397,690,750 | 3 / 3 |
| 2026-10-26 | $2.17 | $397,690,750 | 3 / 3 |
| 2026-10-27 | $2.17 | $397,690,750 | 3 / 3 |
| 2026-10-28 | $2.17 | $397,690,750 | 3 / 3 |
| 2026-10-29 | $2.17 | $398,252,600 | 4 / 4 |
| 2026-10-30 | $2.17 | $398,252,600 | 4 / 4 |
| 2026-10-31 | $2.17 | $398,252,600 | 4 / 4 |
| 2026-11-01 | $2.17 | $398,252,600 | 4 / 4 |
| 2026-11-02 | $2.17 | $398,252,600 | 4 / 4 |
| 2026-11-03 | $2.17 | $398,252,600 | 4 / 4 |
| 2026-11-04 | $2.17 | $398,252,600 | 4 / 4 |
| 2026-11-05 | $2.17 | $398,252,600 | 4 / 4 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 4 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 1 recorded
0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.