Financial News

Trimble (TRMB) Q3 Earnings Report Preview: What To Look For

TRMB Cover Image

Geospatial technology provider Trimble (NASDAQ:TRMB) will be reporting earnings tomorrow before the bell. Here’s what to look for.

Trimble met analysts’ revenue expectations last quarter, reporting revenues of $870.8 million, down 12.4% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but underwhelming earnings guidance for the next quarter.

Is Trimble a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Trimble’s revenue to decline 9.7% year on year to $864.5 million, a reversal from the 8.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.

Trimble Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trimble has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Trimble’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vontier’s revenues decreased 2% year on year, beating analysts’ expectations by 2.8%, and AMETEK reported revenues up 5.3%, in line with consensus estimates. Vontier’s stock price was unchanged after the results, and AMETEK’s price followed a similar reaction.

Read our full analysis of Vontier’s results here and AMETEK’s results here.

Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. Trimble’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $69.79 (compared to the current share price of $61.31).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback