For its second fiscal quarter (ending June 30), Trimble Inc (NASDAQ: TRMB) has reported a 2883% increase in E.P.S. from $0.18 a year ago to $5.37 in the current quarter. This performance was $4.79 better than the consensus estimate of $0.58. For the latest four quarters through June 30, E.P.S. were $6.15 versus $1.40 for the same period a year ago — an increase of 339%.
Recent Price Action
On 8/6/24, Trimble Inc (NASDAQ: TRMB) stock enjoyed a large increase of 3.4%, closing at $51.53. Moreover, exceptionally high trading volume at 202% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -6.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TRMB is expected to continue to be an important Value Builder.
Trimble has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Trimble has a neutral Appreciation Score of 45 and a slightly positive Power Rating of 68, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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