Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1763.0%
Neutral933.3%
Bearish13.7%
Trimble Inc. · TRMB · FY2024 Q3 · Calendar Q4 2024
Trimble raises guidance as software growth stays strong
The supplied analysis supports a constructive but qualified view: recurring software growth, bundled offerings and margin expansion improved the operating trajectory, while audit timing, mobility-related churn and cyclical exposure remain material risks. The evidence is stronger for execution momentum than for an unqualified forward conclusion.
Reported Before market openNASDAQTechnology
$14.80B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.70
Consensus $0.62
EPS surprise
+12.9%
Reported versus consensus
Reported revenue
$875.8M
Consensus $946.7M
Revenue surprise
-7.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+17.9%
Event window
SPY move
+2.5%
Same window
Abnormal move
+15.4%
Stock minus SPY
Volume
5.0×
Versus trailing sessions
Subsequent drift
+3.8%
Up to 20 sessions
TRMBSPY benchmark
Ask FN2 about TRMB FY2024 Q3
Transcript, numbers and history already loaded
Why did TRMB rise 17.9% after beating EPS estimates in FY2024 Q3?What changed in TRMB's guidance and outlook in FY2024 Q3?Give me the bull and bear case for TRMB after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, Trimble’s current analysis shows another guidance increase, higher reported gross margin, continued organic ARR growth and additional strategic actions around mobility, partnerships and software services. The audit delay remains a key unresolved issue.
Guidance delta
Management raised full-year revenue guidance to $3.645 billion and EPS guidance to $2.83, according to the supplied transcript analysis.
Key takeaways
- Q3 results exceeded expectations, with organic ARR growth of 14% and EPS of $0.70.
- Connect & Scale is supporting software-as-a-service growth across AECO and Transportation.
- Record gross margin reached 68.5% in the supplied analysis, while mobility divestiture and a $625 million buyback authorization shape capital allocation.
- The central counterweight is execution and compliance risk tied to the audit delay, alongside weaker Field Systems growth.
Management priorities
- Expand Trimble Construction One bundles in Europe and Asia Pacific.
- Launch and commercialize Trimble Reality Capture Service.
- Continue AECO software tuck-in acquisitions and integration.
- Apply AI-enabled features across Transporeon and other products.
- Use Investor Day to detail 2025 strategy and capital allocation.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$63.49Current
$61Low
$82.33Average
$100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Oct 8, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 19, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 13, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Aug 13, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 7, 2026 |
| Baird | Outperform | Outperform | Maintain | Mar 30, 2026 |
| Keybanc | Overweight | Sector Weight | Upgrade | Dec 16, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 7, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 2, 2023 |
| Edward Jones | Buy | Hold | Upgrade | Apr 5, 2023 |
| Northcoast Research | Sell | Neutral | Downgrade | Mar 7, 2023 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Dec 13, 2022 |
| Wolfe Research | Perform | Peer Perform | Maintain | Aug 17, 2022 |
| Craig-Hallum | Hold | Hold | Maintain | Feb 11, 2021 |
| Needham | Buy | Buy | Maintain | Nov 5, 2020 |
| Berenberg | Buy | Hold | Upgrade | Apr 17, 2018 |
| Dougherty & Co. | Neutral | Buy | Downgrade | Jan 30, 2017 |
| Dougherty | Neutral | Buy | Downgrade | Jan 30, 2017 |
| FBR Capital | Outperform | Outperform | Maintain | May 11, 2016 |
| Wedbush | Outperform | Outperform | Maintain | Dec 1, 2015 |
| PiperJaffray | Overweight | Overweight | Maintain | Oct 30, 2015 |
| MKM Partners | Neutral | Buy | Downgrade | Aug 5, 2015 |
| Boenning & Scattergood | Neutral | Neutral | Maintain | Jan 28, 2015 |
| Janney Montgomery Scott | Neutral | Buy | Downgrade | Jul 2, 2014 |
| Janney Capital | Neutral | Buy | Downgrade | Jul 2, 2014 |
| Lazard | Buy | Neutral | Upgrade | Jun 27, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $63.49. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $80 | $56.99 | +26.0% | Aug 19, 2026 |
| Bernstein | Chad Dillard | $73 | $55.64 | +15.0% | Aug 13, 2026 |
| Wells Fargo | Analyst unavailable | $61 | $52.29 | -3.9% | Jul 14, 2026 |
| Oppenheimer | Analyst unavailable | $80 | $63.42 | +26.0% | May 7, 2026 |
| Oppenheimer | Kristen Owen | $86 | $68.88 | +35.5% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $101 | $80.61 | +59.1% | Jan 12, 2026 |
| KeyBanc | Analyst unavailable | $99 | $80.13 | +55.9% | Dec 15, 2025 |
| Wells Fargo | Analyst unavailable | $94 | $77.02 | +48.1% | Nov 13, 2025 |
| Oppenheimer | Kristen Owen | $102 | $79.72 | +60.7% | Nov 6, 2025 |
| Barclays | Guy Hardwick | $100 | $79.3 | +57.5% | Oct 7, 2025 |
| Berenberg Bank | Analyst unavailable | $95 | $80.21 | +49.6% | Oct 3, 2025 |
| Oppenheimer | Kristen Owen | $88 | $73.96 | +38.6% | Dec 11, 2024 |
| Piper Sandler | Clarke Jeffries | $84 | $61.3 | +32.3% | Nov 7, 2024 |
| Piper Sandler | Clarke Jeffries | $73 | $63.42 | +15.0% | Mar 12, 2024 |
| Piper Sandler | Clarke Jeffries | $68 | $54.69 | +7.1% | Feb 12, 2024 |
| Raymond James | Brian Gesuale | $65 | $53.93 | +2.4% | Sep 29, 2023 |
| Piper Sandler | Clarke Jeffries | $65 | $55.04 | +2.4% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $55.18 | +2.4% | Dec 13, 2022 |
| Piper Sandler | Weston Twigg | $100 | $65.23 | +57.5% | May 20, 2022 |
Track every rating change on TRMB the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTrimble Inc. develops and supplies technology solutions globally, empowering professionals and field workers to significantly improve or revolutionize their operational workflows. Through its Buildings and Infrastructure segment, the company delivers a comprehensive array of digital tools for the construction sector. This includes software for route planning, 3D design, and data exchange, along with systems for guiding construction machinery and for monitoring and managing assets, personnel, and equipment. The segment also offers advanced Building Information Modeling (BIM), Enterprise Resource Planning (ERP), and project management platforms. Furthermore, it provides integrated solutions for site layout, measurement, cost estimation, scheduling, and project control, alongside specialized applications tailored for subcontractors and various trades. The Geospatial segment focuses on advanced surveying products, geographic information systems (GIS), and related geospatial technologies.…
Historical context
All TRMB earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the TRMB recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-24T14:20:49.731302+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T14:20:49.728526+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.