Trimble Expects FY24 Revenue Of $3.59B-$3.67B Vs $3.63B Est, Adj EPS Of $2.67-$2.81 Vs $2.73 Est
Portfolio Pulse from Benzinga Newsdesk
Trimble has provided its financial guidance for FY24, expecting revenue between $3.59 billion and $3.67 billion, slightly below the consensus estimate of $3.63 billion. The company also projects adjusted EPS between $2.67 and $2.81, compared to the estimate of $2.73.
August 06, 2024 | 10:58 am
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Trimble's FY24 revenue guidance of $3.59B-$3.67B is slightly below the consensus estimate of $3.63B. The adjusted EPS guidance of $2.67-$2.81 is in line with the estimate of $2.73. This mixed guidance may lead to a neutral to slightly negative short-term impact on the stock.
Trimble's revenue guidance is slightly below the consensus estimate, which could be seen as a negative. However, the adjusted EPS guidance is in line with expectations, which may offset some of the negative sentiment. Overall, the mixed guidance is likely to result in a neutral to slightly negative short-term impact on the stock.
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