Trimble Inc. ($TRMB) Stock Forecast: Down 1.1% Today

What is Trimble Inc.?

Trimble Inc. (TRMB) is a technology company specializing in providing positioning technology solutions across various industries like construction, agriculture, and transportation.

Why is Trimble Inc. going down?

TRMB stock is down 1.1% on Feb 21, 2025 18:25

• Today's downward movement in Trimble's stock, despite exceeding earnings and revenue projections in Q4, may be linked to:
• Investors capitalizing on recent strong performance, resulting in a temporary decline in the stock price.
• Shifting market sentiment due to broader economic worries or sector changes affecting Trimble's stock negatively.
• Possible guidance or forecasts for upcoming quarters falling short of elevated market anticipations, triggering a stock sell-off.

TRMB Price Chart

TRMB Technical Analysis

TRMB News

Trimble Q4 Earnings & Revenues Surpass Estimates, Increase Y/Y

Trimble's fourth-quarter 2024 results impress with strong organic ARR growth and solid 2025 guidance, boosting confidence in profitability and stability.

https://www.zacks.com/stock/news/2419005/trimble-q4-earnings-revenues-surpass-estimates-increase-yy

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Trimble Inc. Price History

21.01.2025 - TRMB Stock was down 1.1%

• Today's downward movement in Trimble's stock, despite exceeding earnings and revenue projections in Q4, may be linked to:
• Investors capitalizing on recent strong performance, resulting in a temporary decline in the stock price.
• Shifting market sentiment due to broader economic worries or sector changes affecting Trimble's stock negatively.
• Possible guidance or forecasts for upcoming quarters falling short of elevated market anticipations, triggering a stock sell-off.

06.10.2024 - TRMB Stock was up 17.3%

• Trimble Inc. (TRMB) surpassed Q3 revenue forecasts and reached a new revenue high, demonstrating strong performance.
• The CEO's strategic growth plan may have boosted investor trust, leading to the optimistic market movement.
• The company's 3% year-over-year organic revenue growth underlines its resilience and growth prospects.
• With earnings per share (EPS) exceeding expectations at 70 cents, the stock witnessed a rise in its value.

12.01.2024 - TRMB Stock was up 5.3%

• The stock of Trimble (TRMB) experienced a strong bullish movement today, despite some mixed signals. The drop in stock price mentioned in certain sources seems to contradict the overall market movement. However, positive financial results, including an increase in revenues and adjusted earnings, suggest that the market movement was driven by the company's strong Q4 2023 performance. It is possible that investors initially reacted negatively to the drop in stock price, but later recognized the positive financial results, leading to the bullish movement.

03.04.2024 - TRMB Stock was down 6.4%

• Trimble surpassed expectations for both EPS and revenue in Q1 2024; however, the market responded with negativity.
• Year-over-year organic revenue growth remained flat, possibly disappointing investors seeking more substantial expansion.
• Despite positive financial results, market expectations for even higher growth might have triggered profit-taking and a bearish sentiment.
• Concerns regarding Trimble's capacity to maintain its stellar gross margins and operating income amidst heightened competition or market instabilities could have contributed to the stock's decline.

28.08.2023 - TRMB Stock was up 5.6%

• TRMB stock is up today due to the announcement of a joint venture with AGCO, which is expected to generate $3 billion in value for Trimble.
• The joint venture will involve Trimble acquiring an 85% interest in Trimble's portfolio of Ag assets and technologies for $2 billion in cash consideration.
• Trimble will also act as a long-term supplier for the joint venture, providing its Global Navigation Satellite System and guidance technologies.
• This partnership with AGCO positions Trimble to compete with Deere in the precision farming market, combining Trimble's measurement technology with AGCO's agricultural equipment.

08.07.2023 - TRMB Stock was down 5.2%

• Despite Trimble Inc. reporting impressive Q2 2023 financial results, with earnings per share beating market expectations, the stock experienced a strong bearish movement.
• The market movement could be attributed to factors other than the company's financial performance, such as macroeconomic conditions or investor sentiment.
• It is important to consider external factors and market dynamics when analyzing the movement of a stock, as they can have a significant impact on its performance.
• Further analysis and monitoring of the market trends and news related to Trimble Inc. may provide more insights into the reasons behind the bearish movement.

17.10.2023 - TRMB Stock was down 12.7%

• The bearish movement in TRMB could be attributed to the insider sell alert by Director Kaigham Gabriel. This might have raised concerns among investors about the company's future prospects.
• The addition of Trimble Inc as a new holding in Al Gore's Generation Investment Management portfolio in Q3 2023 might have initially boosted investor confidence. However, it seems that the positive sentiment did not sustain, leading to the bearish movement.
• The news about AGCO Corporation's partnership with Trimble in the smart farming solutions industry could indirectly impact Trimble's stock. If investors perceive AGCO's advancements as a potential threat to Trimble's market share, it could have contributed to the bearish movement.
• AGCO's continued technology transformation and the announcement of their joint venture with Trimble might have overshadowed Trimble's own performance, causing investors to shift their focus and resulting in the bearish movement.

01.10.2023 - TRMB Stock was down 12.3%

• Trimble's CFO, David Barnes, announced his retirement, which could have raised concerns about the company's future financial leadership.
• While Trimble reported non-GAAP EPS beating expectations, the revenue fell short of estimates. This could have disappointed investors and led to a negative sentiment.
• Despite achieving record annualized recurring revenue and overall revenue growth, Trimble's organic growth was relatively low, which might have raised concerns about the company's ability to sustain its growth trajectory.
• The presence of news about AGCO, a competitor in the agricultural machinery industry, reporting strong demand and raised guidance could have diverted investor attention away from Trimble, contributing to the bearish market movement.
• Overall, the combination of leadership changes, mixed financial results, and competition in the industry might have contributed to the bearish movement in TRMB.

06.07.2024 - TRMB Stock was up 5.0%

• Trimble's strong financial performance in Q2, with a revenue growth of 14% and exceeding analyst estimates for EPS and revenue, has boosted investor confidence in the company.
• The company's profit growth and record annualized recurring revenue reflect the successful implementation of Trimble's Connect & Scale strategy, positioning it well for future expansion.
• Despite challenges affecting hardware sales in the industry, Trimble has demonstrated resilience and adaptability, delivering positive outcomes.
• The positive reception of Trimble's Q2 2024 performance likely drove the uptick in its stock price, indicating favorable market sentiment towards the company.