Trimble Expects FY23 Revenue Between $3.757B-$3.797B Vs. $3.88B Estimate, With Adjusted EPS Between $2.58-$2.66 Vs 2.65 Est; For Q4 Trimble Expects Revenue Between $890M-$930M Vs. 976.46M Estimate, With Adjusted EPS Between $0.55-$0.63 Vs. $0.68 Estimate
Portfolio Pulse from Benzinga Newsdesk
Trimble has provided its financial outlook for FY23 and Q4, with both revenue and adjusted EPS falling short of estimates. The company expects FY23 revenue to be between $3.757B-$3.797B, compared to the $3.88B estimate, and adjusted EPS to be between $2.58-$2.66, versus the $2.65 estimate. For Q4, Trimble expects revenue to be between $890M-$930M, compared to the $976.46M estimate, and adjusted EPS to be between $0.55-$0.63, versus the $0.68 estimate.
November 01, 2023 | 11:58 am
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NEGATIVE IMPACT
Trimble's lower than expected revenue and adjusted EPS forecasts for FY23 and Q4 may negatively impact its stock price in the short term.
Trimble's revenue and adjusted EPS forecasts for FY23 and Q4 are lower than estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100