It has been a couple of month for the reason that final earnings report for Trimble Navigation (TRMB). Shares have misplaced about 3.5% in that time-frame, outperforming the S&P 500.
Will the latest unfavourable development proceed main as much as its subsequent earnings launch, or is Trimble due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast take a look at the latest earnings report in an effort to get a greater deal with on the necessary catalysts.
How Have Estimates Been Shifting Since Then?
It seems, estimates evaluate have trended downward through the previous month.
VGM Scores
At the moment, Trimble has a poor Development Rating of F, nonetheless its Momentum Rating is doing a bit higher with a D. Following the very same course, the inventory was allotted a grade of D on the worth facet, placing it within the backside 40% for this funding technique.
Total, the inventory has an mixture VGM Rating of F. In the event you aren’t targeted on one technique, this rating is the one you ought to be all for.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of those revisions signifies a downward shift. Notably, Trimble has a Zacks Rank #3 (Maintain). We count on an in-line return from the inventory within the subsequent few months.
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Trimble Inc. (TRMB) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
