Trimble Navigation Limited
) is set to report third quarter 2013 results on Oct 31. Last
quarter it posted a 0.00% surprise. Let's see how things are
shaping up for this announcement.
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TRIMBLE NAVIGAT (TRMB): Free Stock Analysis
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Growth Factors this Past Quarter
Trimble Navigation's second-quarter 2013 earnings of 35
cents beat the Zacks Consensus Estimate by a penny.
Trimble's second-quarter revenues of $576.3 million were up 3.6%
sequentially and 11.3% year over year, within the guided range of
$575-$580 million. Strengthening U.S. commercial and residential
construction markets helped Trimble's business in the last
quarter. Trimble has also made a number of acquisitions in the
recent months, which are helping it to build a strong product
portfolio and position itself in markets with better growth
Management expects third-quarter revenues in the range of
$555-$565 million. Earnings on a non-GAAP basis are expected to
be in the range of 36 cents-38 cents per share.
Our proven model does not conclusively show that Trimble is
likely to beat earnings estimates this quarter. That is because a
stock needs to have both a positive
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here as you will see below.
Zacks ESP: That is because both the Most Accurate estimate
and the Zacks Consensus Estimate stand at 33 cents. Hence, the
difference is 0.00%.
Zacks Rank #3 (Hold): Trimble's Zacks Rank #3 when combined with
an ESP of 0.00% makes surprise prediction difficult. We caution
against stocks with Zacks #4 and #5 Ranks (Sell rated stocks)
going into the earnings announcement, especially when the company
is seeing negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
), Earnings ESP of +0.83% and a Zacks Rank #2 (Buy)
Asml Holding NV
), Earnings ESP of +1.63% and Zacks Rank #3 (Hold)
), Earnings ESP of +2.00% and a Zacks Rank #1 (Strong Buy)