Stock Story -
Geospatial technology provider Trimble (NASDAQ:TRMB) will be reporting results tomorrow before market open. Here's what to look for.
Trimble beat analysts' revenue expectations by 4.5% last quarter, reporting revenues of $953.3 million, up 4.1% year on year. It was a solid quarter for the company, with a decent beat of analysts' earnings estimates.
Is Trimble a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Trimble's revenue to decline 13.2% year on year to $862.5 million, a reversal from the 5.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trimble has missed Wall Street's revenue estimates four times over the last two years.
Looking at Trimble's peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AMETEK delivered year-on-year revenue growth of 5.4%, missing analysts' expectations by 2.6%, and Vontier reported a revenue decline of 8.9%, falling short of estimates by 6.7%. AMETEK traded down 11.9% following the results while Vontier was also down 15.9%.
Read the full analysis of AMETEK's and Vontier's results on StockStory.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 2.8% on average over the last month. Trimble is down 8.9% during the same time and is heading into earnings with an average analyst price target of $70.6 (compared to the current share price of $51.3).
![Trimble (TRMB) Q2 Earnings: What To Expect](https://d68-invdn-com.investing.com/content/piceae30ec8da65d2e5aa355a5576ee676c.jpeg)