Analysts on Wall Street project that Trimble Navigation (TRMB) will announce quarterly earnings of $0.96 per share in its forthcoming report, representing an increase of 7.9% year over year. Revenues are projected to reach $950.78 million, declining 3.3% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Trimble metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Segment revenue- AECO' reaching $453.49 million. The estimate points to a change of +9.6% from the year-ago quarter.
According to the collective judgment of analysts, 'Segment revenue- Field Systems' should come in at $360.95 million. The estimate indicates a year-over-year change of -0.5%.
The consensus estimate for 'Segment revenue- T&L' stands at $136.33 million. The estimate suggests a change of -34.1% year over year.
The collective assessment of analysts points to an estimated 'Annualized Recurring Revenue (ARR)' of $2.38 billion. Compared to the current estimate, the company reported $2.26 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Segment operating income- AECO' will likely reach $194.95 million. Compared to the current estimate, the company reported $168.80 million in the same quarter of the previous year.
The consensus among analysts is that 'Segment operating income- T&L' will reach $34.45 million. The estimate is in contrast to the year-ago figure of $41.90 million.
The average prediction of analysts places 'Segment operating income- Field Systems' at $111.08 million. The estimate compares to the year-ago value of $110.20 million.
View all Key Company Metrics for Trimble here>>>
Shares of Trimble have experienced a change of -18.9% in the past month compared to the +0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), TRMB is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Trimble Inc. (TRMB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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