Trimble Inc at JPMorgan Technology, Media and Communications Conference (Virtual) Transcript
Good morning. This is Ann Duignan, JPMorgan's U.S. machinery analyst, and I'm very pleased this morning to have Robert Painter, the President and the CEO of Trimble, with me for you to ask questions of.
Trimble, ticker TRMB, market cap $9.3 billion, the stock's trading at about 19x forward earnings for 2021. It's down about 11% year-to-date, but notably, the stock is up 40% since March 23, and it's up 16% since reporting better-than-expected Q1 earnings last week.
I just want to remind you, before we get going, that you can submit questions on the Q&A, I'll keep those in front of me and we can ask them as we go forward.
Questions & Answers
And so Robert, let's begin. Let's recap last week, what happened there, Q1 non-GAAP EPS of $0.49 versus your own guidance of $0.40 to $0.45 and consensus at the low end of $0.41, those on organic growth of down 2% within your guidance range of flat to down 4%. So
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