Are You Looking for a Top Momentum Pick? Why Transcat, Inc. (TRNS) is a Great Choice
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Model output · Signal date 2026-11-06
Transcat Inc (TRNS) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
31.0%
Spearman, 357 dates
Market Cap
$950M
small-cap · #6 of 10 peers
Summary
Transcat Inc (TRNS) stock forecast summary
Our AI scores Transcat Inc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Transcat Inc is a small-cap company with a market capitalization of $950M. It ranks number 6 by market capitalization among the 10 Instruments For Meas & Testing of Electricity & Elec Signals issuers in our coverage with a current forecast. Its Gross Margin of 32.8% is the lowest of the 9 peers that report one.
For TRNS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, TRNS included.
Price
TRNS price chart and AI forecast
Cross-section · 2026-11-06
How TRNS ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-26
Transcat Inc (TRNS) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Instruments For Meas & Testing of Electricity & Elec Signals peers listed below that report each metric.
Valuation & Market
| Metric | TRNS | Rank |
|---|---|---|
| Market Cap | $950M | 6/10 |
| P/E Ratio | 149.28x | 3/8 |
| P/B Ratio | 3.07x | 6/9 |
| EPS | $0.68 | – |
| Book Value/Share | $33.03 | – |
| Revenue/Share | $38.81 | – |
| FCF/Share | $2.45 | – |
Profitability & Margins
| Metric | TRNS | Rank |
|---|---|---|
| ROE | 1.5% | 7/9 |
| ROA | 0.9% | 7/9 |
| ROIC | 2.8% | 6/9 |
| Gross Margin | 32.8% | 9/9 |
| Operating Margin | 3.6% | 5/9 |
| Net Margin | 1.3% | 8/9 |
| EBT Margin | 1.9% | 7/9 |
| Tax Rate | 32.1% | – |
Financial Health
| Metric | TRNS | Rank |
|---|---|---|
| Current Ratio | 2.57x | 6/10 |
| Quick Ratio | 2.19x | 4/10 |
| D/E Ratio | 0.64x | 5/9 |
| Financial Leverage | 1.64x | 5/9 |
| Interest Coverage | 19.7x | 3/9 |
| Working Capital | $61M | 7/10 |
Cash Flow
| Metric | TRNS | Rank |
|---|---|---|
| Operating Cash Flow | $37M | 4/9 |
| Free Cash Flow | $23M | 5/7 |
| Capital Spending | -$14M | 4/7 |
| OCF Growth YoY | -6.1% | 4/6 |
| FCF Growth YoY | -8.6% | 4/5 |
| FCF/Sales | 6.3% | 4/7 |
| CapEx/Sales | 4.0% | 3/7 |
Operational Efficiency
| Metric | TRNS | Rank |
|---|---|---|
| Asset Turnover | 0.72x | 3/7 |
| Receivables Turnover | 5.2x | 5/7 |
| Inventory Turnover | 16.4x | 1/9 |
| Fixed Assets Turnover | 6.2x | 7/7 |
| Days Sales Outstanding | 71 days | 3/7 |
| Days Inventory | 22 days | 9/9 |
| Payables Period | 32 days | 7/7 |
| Cash Conversion Cycle | 61 days | 5/5 |
Income Statement
| Metric | TRNS | Rank |
|---|---|---|
| Total Revenue | $363M | 5/7 |
| Operating Income | $13M | 5/9 |
| Net Income | $5M | 5/9 |
| SG&A Expense | $123M | 4/9 |
| Cost of Goods Sold | $244M | 5/9 |
Dividend & Shareholder Information
| Metric | TRNS | Rank |
|---|---|---|
| Shares Outstanding | 9M | – |
| Net Income Growth | -59.6% | 5/6 |
| EPS Growth | -50.0% | 5/6 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $100M | 19.7% of assets |
| Cash & Short-term Investments | $6M | 1.1% of assets |
| Accounts Receivable | $70M | 13.9% of assets |
| Inventory | $15M | 2.9% of assets |
| Total Liabilities | $198M | 39.0% of assets |
| Short-term Debt | $18M | 3.5% of assets |
Quarterly Financial Reports
TRNS quarterly financials and insider trading
Industry Peers · Instruments For Meas & Testing of Electricity & Elec Signals
Transcat Inc (TRNS) industry peers
Companies classified under the same SEC industry code as Transcat Inc (Instruments For Meas & Testing of Electricity & Elec Signals): 10 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| TRNS Transcat Inc | $950M | |
| TER Teradyne, Inc | $34.07B | |
| VLTO Veralto Corp | $28.47B | |
| ITRI Itron, Inc. | $4.32B | |
| AEHR Aehr Test Systems | $1.75B | |
| ALNT Allient Inc | $1.38B | |
| FEIM Frequency Electronics Inc | $679M | |
| INTT Intest Corp | $167M | |
| DAIO Data I/O Corp | $25M | |
| STAI Scantech Ai Systems Inc. | $60K |
Where TRNS sits on the market map
Industrial Applications and Services · Instruments For Meas & Testing of Electricity & Elec Signals
News
Transcat Inc (TRNS) stock news
Transcat, Inc. (TRNS) Q2 earnings and revenues top estimates
Transcat, Inc. (TRNS) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.44 per share a year ago. These ...
All you need to know about Transcat (TRNS) rating upgrade to strong buy
Transcat, Inc. (TRNS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is ...
FAQ
Transcat Inc (TRNS) stock forecast FAQ
What is the Transcat Inc (TRNS) stock forecast?
Our AI scores Transcat Inc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Transcat Inc stock predictions?
For TRNS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Transcat Inc forecasts updated?
Transcat Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Transcat Inc's industry peers?
10 issuers in our coverage, TRNS included, share the SEC industry code Instruments For Meas & Testing of Electricity & Elec Signals. The largest are: Teradyne, Inc (TER), Veralto Corp (VLTO), Itron, Inc. (ITRI), Aehr Test Systems (AEHR), Allient Inc (ALNT), Frequency Electronics Inc (FEIM).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.