Trimble Inc (NASDAQ: TRMB) has reported E.P.S. of $0.23 for its first fiscal quarter (ending March 31) versus $0.52 for the same period a year ago — a decline of -56%. Relative to the consensus estimate of $0.72, this was a shortfall of $-0.49. For the latest four quarters through March 31, E.P.S. were $0.96 compared to $1.89 a year ago — a decline of -49%.
Recent Price Action
Trimble Inc (NASDAQ: TRMB) stock closed at $55.93 on 5/3/24 after a large decline of -6.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 242% of normal. The stock has declined -5.5% during the last week but has been strong relative to the market over the last nine months.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Trimble has a slightly negative Appreciation Score of 39 but a good Power Rating of 72, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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