Trimble Near Later-Stage Entry With Earnings Due

Travel is high on their wishlist for many people who are sick and tired of the shelter-at-home situation. Airline stocks have started to recover lately.   Trimble (TRMB), which makes navigation and global positioning systems (GPS), is forming a base featuring an 84.96 entry with its next quarterly EPS report expected on May 6. The base is a third-stage ascending base.




Trimble Estimates Upgraded

Analysts are looking for earnings growth of 12% for the quarter, and 6% growth for the full year. Earnings estimates for the full year were recently revised upward.

Last quarter, Trimble reported a 15% increase in EPS to 61 cents a share, on a 1% gain in revenue to $830 million. The EPS gain came on the heels of a 25% rise the prior quarter.

In addition to travel, other industries that use Trimble’s laser and optical positioning and navigation systems include agriculture, building construction, geospatial, forestry, rail and a host of others.

Trimble has a strong 91 Composite Rating and earns the No. 2 rank among its peers in the Electronics-Miscellaneous Products industry group. Zebra Technologies Corp (ZBRA) is the top-ranked stock within the group.

See How IBD Helps You Make More Money In Stocks

Understand that buying just before a stock reports is risky, since an EPS or sales miss could send it sharply lower. You can reduce your risk by waiting to see the actual numbers and the market’s reaction.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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