Trimble Expects Q3 Revenue $945M-$985M Vs $983.91M Est, Adj EPS $0.56-$0.64 Vs $0.64 Est; FY23 Revenue $3.845B-$3.925B (Prior $3.835B-$3.935B) Vs $3.87B Est, Adj EPS $2.57-$2.73 (Prior $2.52-$2.72) Vs $2.61 Est
Portfolio Pulse from Benzinga Newsdesk
Trimble has updated its Q3 and FY23 guidance. It now expects Q3 revenue to be between $945M and $985M, compared to the estimated $983.91M, and adjusted EPS to be between $0.56 and $0.64, compared to the estimated $0.64. For FY23, it expects revenue to be between $3.845B and $3.925B, compared to the prior range of $3.835B to $3.935B and the estimated $3.87B. Adjusted EPS for FY23 is expected to be between $2.57 and $2.73, compared to the prior range of $2.52 to $2.72 and the estimated $2.61.
August 04, 2023 | 12:56 pm
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Trimble's updated guidance for Q3 and FY23 is mixed compared to estimates. While the Q3 revenue range is slightly below the estimate, the FY23 revenue and adjusted EPS ranges are slightly above the prior guidance and estimates.
Trimble's updated guidance is mixed, with Q3 revenue expected to be slightly below estimates, but FY23 revenue and adjusted EPS expected to be slightly above prior guidance and estimates. This could lead to uncertainty among investors, potentially impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100