Earnings and Growth Analysis : Trimble (NASDAQ:TRMB)

Earnings results for Trimble (NASDAQ:TRMB)

Trimble Inc. is expected* to report earnings on 02/10/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.44. The reported EPS for the same quarter last year was $0.46.

Trimble last announced its quarterly earnings data on November 4th, 2020. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.24. The company had revenue of $792.10 million for the quarter, compared to analyst estimates of $720.09 million. Its revenue was up 1.0% compared to the same quarter last year. Trimble has generated $1.76 earnings per share over the last year and currently has a price-to-earnings ratio of 38.3. Trimble has confirmed that its next quarterly earnings report will be published on Wednesday, February 10th, 2021. Trimble will be holding an earnings conference call on Wednesday, February 10th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Trimble (NASDAQ:TRMB)

11 Wall Street analysts have issued ratings and price targets for Trimble in the last 12 months. Their average twelve-month price target is $52.11, predicting that the stock has a possible downside of 30.26%. The high price target for TRMB is $70.00 and the low price target for TRMB is $35.00. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Trimble has received a consensus rating of Buy. The company’s average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $52.11, Trimble has a forecasted downside of 30.3% from its current price of $74.72. Trimble has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Trimble (NASDAQ:TRMB)

Trimble does not currently pay a dividend. Trimble does not have a long track record of dividend growth.

Insiders buying/selling: Trimble (NASDAQ:TRMB)

In the past three months, Trimble insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,640,843.00 in company stock. Only 0.66% of the stock of Trimble is held by insiders. 89.39% of the stock of Trimble is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Trimble (NASDAQ:TRMB

Earnings for Trimble are expected to grow by 8.60% in the coming year, from $1.86 to $2.02 per share. The P/E ratio of Trimble is 38.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.76. The P/E ratio of Trimble is 38.32, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 97.71. Trimble has a PEG Ratio of 3.46. PEG Ratios above 1 indicate that a company could be overvalued. Trimble has a P/B Ratio of 5.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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