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

• Trimble Inc TRMB reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of ten analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 62 cents to 63 cents per share.

• Revenue rose 0.6% to $875.70 million from a year ago; analysts expected $834.34 million.

• Trimble Inc's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $89.2 million.

• Trimble Inc shares had risen by 8.8% this quarter and gained 17.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% 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 11 "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 $85.00, about 2.7% above its last closing price of $82.70

This summary was machine generated from LSEG data August 6 at 01:30 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)