Trimble Inc. (NASDAQ:TRMB) Released Earnings Last Week And Analysts Lifted Their Price Target To US$64.49
Trimble Inc. (NASDAQ:TRMB) Released Earnings Last Week And Analysts Lifted Their Price Target To US$64.49
Shareholders of Trimble Inc. (NASDAQ:TRMB) will be pleased this week, given that the stock price is up 12% to US$58.21 following its latest yearly results. It looks like the results were a bit of a negative overall. While revenues of US$3.8b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.2% to hit US$1.25 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Trimble Inc.(纳斯达克股票代码:TRMB)的股东本周将感到高兴,因为根据最新的年度业绩,股价上涨了12%,至58.21美元。总体而言,结果似乎有点负面。尽管38亿美元的收入与分析师的预测一致,但法定收益低于预期,比预期低2.2%,达到每股1.25美元。对于投资者来说,盈利是一个重要时刻,因为他们可以追踪公司的业绩,查看分析师对明年的预测,看看对公司的情绪是否发生了变化。我们认为,读者会发现分析师对明年最新(法定)财报后的预测很有趣。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240215/0-96652ac494d9b7ae22afb2c4201d9445-0-95c283493844f87bdd1873834094f84e.png/big)
Taking into account the latest results, the eleven analysts covering Trimble provided consensus estimates of US$3.64b revenue in 2024, which would reflect a small 4.2% decline over the past 12 months. Per-share earnings are expected to surge 25% to US$1.57. In the lead-up to this report, the analysts had been modelling revenues of US$3.84b and earnings per share (EPS) of US$1.60 in 2024. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.
考虑到最新业绩,涵盖Trimble的11位分析师提供了共识估计,2024年收入为36.4亿美元,这将反映出过去12个月中4.2%的小幅下降。预计每股收益将激增25%,至1.57美元。在本报告发布之前,分析师一直在模拟2024年的收入为38.4亿美元,每股收益(EPS)为1.60美元。因此,在最新业绩公布后,分析师似乎变得不那么乐观了,尽管该公司本应维持每股收益,但收入预计仍将下降。
The analysts have also increased their price target 8.6% to US$64.49, clearly signalling that lower revenue forecasts next year are not expected to have a material impact on Trimble's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Trimble analyst has a price target of US$68.00 per share, while the most pessimistic values it at US$57.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
分析师还将目标股价上调了8.6%,至64.49美元,这清楚地表明明年较低的收入预测预计不会对Trimble的估值产生重大影响。研究分析师的估计范围,评估异常值与平均值的差异程度也可能很有启发性。最乐观的Trimble分析师将目标股价定为每股68.00美元,而最悲观的分析师则将其估值为57.00美元。尽管如此,由于估计范围如此之窄,这表明分析师对他们认为该公司的价值有了很好的了解。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 4.2% by the end of 2024. This indicates a significant reduction from annual growth of 4.3% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 5.2% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Trimble is expected to lag the wider industry.
从现在的大局来看,我们可以理解这些预测的方法之一是看看它们如何与过去的业绩和行业增长预期相比较。这些估计表明,收入预计将放缓,预计到2024年底年化下降4.2%。这表明与过去五年的4.3%的年增长率相比大幅下降。相比之下,我们的数据表明,在可预见的将来,预计同一行业的其他公司(有分析师报道)的收入每年将增长5.2%。因此,尽管预计其收入将萎缩,但这种云并没有带来一线希望——预计Trimble将落后于整个行业。
The Bottom Line
底线
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. With that said, earnings are more important to the long-term value of the business. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
要了解的最重要的一点是,市场情绪没有重大变化,分析师再次确认该业务的表现符合他们先前的每股收益预期。不利的一面是,他们还下调了收入预期,预测表明他们的表现将比整个行业差。话虽如此,收益对企业的长期价值更为重要。我们注意到目标股价已上调,这表明分析师认为该业务的内在价值可能会随着时间的推移而提高。
With that in mind, we wouldn't be too quick to come to a conclusion on Trimble. Long-term earnings power is much more important than next year's profits. We have forecasts for Trimble going out to 2026, and you can see them free on our platform here.
考虑到这一点,我们不会很快就Trimble得出结论。长期盈利能力比明年的利润重要得多。我们对Trimble的预测将持续到2026年,你可以在我们的平台上免费查看。
It is also worth noting that we have found 2 warning signs for Trimble (1 is potentially serious!) that you need to take into consideration.
还值得注意的是,我们已经发现了 2 个 Trimble 警告信号(1 个可能很严重!)这是你需要考虑的。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。