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Trimble continues to grow its annualized recurring revenue at an impressive rate. Some of its end markets remain weak, but that's more than offset by growth elsewhere and cross-selling of its software solutions to customers.
Trimble's (TRMB) fourth-quarter 2023 results benefit from solid momentum across the Buildings and Infrastructure, and Transportation segments.
While the top- and bottom-line numbers for Trimble (TRMB) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Trimble Navigation (TRMB) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.60 per share a year ago.
The geospatial technology company reported fourth-quarter earnings per share of 63 cents from sales of $932 million. Wall Street was looking for 60 cents and $910 million, respectively.
Beyond analysts' top -and-bottom-line estimates for Trimble (TRMB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
Trimble (TRMB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Trimble stock appears to have bottomed after a 30-month downtrend, yet the company should benefit from a continuing solid macroeconomic environment. Trimble is a hardware/software provider in various sectors, including surveying, construction, agriculture, and mapping. ARR is rising, and margins are expanding. Trimble is scheduled to report Q4 results on February 12th. I will review what to expect and TRMB's prospects going forward.
Trimble (TRMB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
WESTMINSTER, Colo. , Jan. 30, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) will hold a conference call on Monday, February 12, 2024 at 8 a.m.