Trimble Inc reports results for the quarter ended September 30 - Earnings Summary

• Trimble Inc reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of eleven analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 85 cents to 88 cents per share.

• Revenue rose 7.3% to $966.80 million from a year ago; analysts expected $971.70 million.

• Trimble Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $59.1 million.

• Trimble Inc shares had risen by 14.9% this quarter and lost 16.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Trimble Inc is $76.00, about 13.7% above its last closing price of $65.61

This summary was machine generated from LSEG data November 4 at 06:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)