Trimble Inc. (NASDAQ:TRMB) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.43 per share.
Looking ahead, the full year income are expected at $ 1.91 per share on the revenues of $ 3019.61 million.
Previous Quarter Performance
Trimble Inc. posted income for the second quarter of $ 0.52 per share, from the revenue of $ 733.60 million. Street analysts expected Trimble Inc. to report income of $ 0.38 per share on revenue of $ 702.09 million for the second quarter. The bottom line results beat street analysts by $ 0.14 or 36.84 percent, at the same time, top line results outshined analysts by $ 31.51 million or 4.49 percent.
Stock Performance
Shares of Trimble Inc. traded up $ 1.94 or 3.82 percent on Tuesday, reaching $ 52.68 with volume of 1.83 million shares. Trimble Inc. has traded high as $ 53.18 and has cracked $ 51.49 on the downward trend
According to the previous trading day, closing price of $ 52.68, representing a 153.57 % increase from the 52 week low of $ 20.01 and a 6.92 % decrease over the 52 week high of $ 54.51.
The company has a market capital of $ 13.18 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Recent Analyst recommendations
- On 23rd September 2020, initiated by Bernstein at Outperform rating, with $ 61.00 target price.
Conference Call
Trimble Inc. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.trimble.com
Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation.
