Trimble Navigation (TRMB) Surpasses Q3 Earnings and Revenue Estimates

Financial Performance - Trimble Navigation reported quarterly earnings of $0.70 per share, exceeding the Zacks Consensus Estimate of$ 0.62 per share, and showing an increase from $0.68 per share a year ago, resulting in an earnings surprise of 12.90% [1] - The company achieved revenues of$ 875.8 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.10%, although this represents a decline from year-ago revenues of $957.3 million [2] Stock Performance - Trimble shares have increased approximately 15.8% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.87 on revenues of $943.87 million, and for the current fiscal year, it is$ 2.75 on revenues of $3.64 billion [7] Industry Outlook - The Manufacturing - General Industrial industry, to which Trimble belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Trimble's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]