Earnings Outlook For Trimble
Portfolio Pulse from Benzinga Insights
Trimble (NASDAQ:TRMB) is scheduled to release its quarterly earnings report on Monday, 2024-02-12, with an estimated EPS of $0.59. Historical data shows Trimble has previously beaten EPS estimates, leading to share price increases. Shares are currently trading at $52.08, down 7.51% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 09, 2024 | 3:01 pm
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Trimble is expected to report an EPS of $0.59 for the latest quarter, with historical performance indicating potential for a positive outcome. Shares have declined 7.51% over the past year.
Given Trimble's history of beating EPS estimates and the subsequent positive impact on its share price, there is a reasonable expectation for a short-term positive movement in TRMB's stock price, especially if the company provides favorable guidance for the next quarter. However, the overall negative performance over the past year indicates underlying challenges that might temper the magnitude of any positive reaction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100