We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to Trimble (TRMB) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
In its upcoming report, Trimble Navigation (TRMB - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting an increase of 12.7% compared to the same period last year. Revenues are forecasted to be $950.94 million, representing a year-over-year increase of 8.6%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.8% 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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Trimble metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Segment revenue- AECO' should come in at $402.27 million. The estimate indicates a year-over-year change of +14.8%.
Analysts' assessment points toward 'Segment revenue- T&L' reaching $140.23 million. The estimate points to a change of +5.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Segment revenue- Field Systems' will likely reach $407.21 million. The estimate indicates a change of +3.7% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Subscription and services' at $628.64 million. The estimate suggests a change of +7.9% year over year.
Based on the collective assessment of analysts, 'Revenue- Product' should arrive at $313.08 million. The estimate points to a change of +6.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Annualized Recurring Revenue (ARR)' of $2.51 billion. The estimate is in contrast to the year-ago figure of $2.21 billion.
It is projected by analysts that the 'Segment operating income- AECO' will reach $127.34 million. The estimate is in contrast to the year-ago figure of $106.40 million.
Analysts expect 'Segment operating income- T&L' to come in at $31.43 million. The estimate is in contrast to the year-ago figure of $28.60 million.
The consensus estimate for 'Segment operating income- Field Systems' stands at $121.32 million. Compared to the present estimate, the company reported $121.00 million in the same quarter last year.
Shares of Trimble have demonstrated returns of +11.1% over the past month compared to the Zacks S&P 500 composite's +2.3% change. With a Zacks Rank #2 (Buy), TRMB is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Countdown to Trimble (TRMB) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
In its upcoming report, Trimble Navigation (TRMB - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting an increase of 12.7% compared to the same period last year. Revenues are forecasted to be $950.94 million, representing a year-over-year increase of 8.6%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.8% 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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Trimble metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Segment revenue- AECO' should come in at $402.27 million. The estimate indicates a year-over-year change of +14.8%.
Analysts' assessment points toward 'Segment revenue- T&L' reaching $140.23 million. The estimate points to a change of +5.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Segment revenue- Field Systems' will likely reach $407.21 million. The estimate indicates a change of +3.7% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Subscription and services' at $628.64 million. The estimate suggests a change of +7.9% year over year.
Based on the collective assessment of analysts, 'Revenue- Product' should arrive at $313.08 million. The estimate points to a change of +6.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Annualized Recurring Revenue (ARR)' of $2.51 billion. The estimate is in contrast to the year-ago figure of $2.21 billion.
It is projected by analysts that the 'Segment operating income- AECO' will reach $127.34 million. The estimate is in contrast to the year-ago figure of $106.40 million.
Analysts expect 'Segment operating income- T&L' to come in at $31.43 million. The estimate is in contrast to the year-ago figure of $28.60 million.
The consensus estimate for 'Segment operating income- Field Systems' stands at $121.32 million. Compared to the present estimate, the company reported $121.00 million in the same quarter last year.
View all Key Company Metrics for Trimble here>>>Shares of Trimble have demonstrated returns of +11.1% over the past month compared to the Zacks S&P 500 composite's +2.3% change. With a Zacks Rank #2 (Buy), TRMB is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .