Trimble Q3 Sales Beat by 3.5% While Q4 Sales Seen Falling 3.6%
Trimble topped Q3 revenue projections by 3.5%, delivering $901.2M in sales, up 2.9% year-on-year, alongside a beat on EBITDA estimates. Analysts forecast Q4 sales down 3.6% year-on-year to $947.8M with adjusted EPS of $0.96 while shares have slid 17.1% over one month.
1. Q3 Revenue and Profit Beats
Trimble recorded Q3 revenue of $901.2M, a 2.9% increase year-on-year, surpassing analyst estimates by 3.5% and delivering higher-than-expected EBITDA. This performance continued Trimble’s two-year streak of beating revenue forecasts by an average of 3.1%.
2. Q4 Outlook and Analyst Estimates
For the upcoming quarter, analysts project revenue to decline 3.6% year-on-year to $947.8M, with adjusted EPS of $0.96. Consensus estimates have remained stable over the past month, reflecting cautious but steady expectations ahead of the release.
3. Stock Performance and Momentum
Trimble shares have fallen 17.1% over the last month against a 7.7% average gain in the IoT segment, suggesting weaker investor sentiment. The current average analyst price target stands at $98.08 compared to a share price near $66.30.
4. Peer Comparisons in IoT Segment
Peer companies posted strong Q4 growth, with Rockwell Automation up 11.9% in revenue and AMETEK up 13.4%, both topping estimates. Rockwell’s shares dipped 3.4% after its report while AMETEK remained flat, offering context for Trimble’s upcoming results.