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Garmin (GRMN) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-06-27 23:16
Core Viewpoint - Garmin is expected to report strong earnings growth and revenue increase in its upcoming earnings disclosure, indicating positive business trends Group 1: Stock Performance - Garmin closed at $208.36, reflecting a +1.56% change from the previous day, outperforming the S&P 500's gain of 0.52% [1] - Over the past month, Garmin's shares gained 1.14%, underperforming the Computer and Technology sector's 9.55% gain and the S&P 500's 5.95% gain [1] Group 2: Earnings and Revenue Estimates - Garmin is projected to report earnings of $1.95 per share, representing a year-over-year growth of 23.42%, with revenue expected to be $1.73 billion, a 15.01% increase compared to the previous year [2] - For the entire year, the Zacks Consensus Estimates forecast earnings of $7.99 per share and revenue of $6.83 billion, indicating changes of +8.12% and +8.48% respectively compared to the previous year [3] Group 3: Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Garmin reflect short-term business trends, with positive revisions indicating analyst optimism about profitability [3] - Garmin currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having moved 2.16% higher over the past month [5] Group 4: Valuation Metrics - Garmin's Forward P/E ratio is 25.67, which is a premium compared to the industry average Forward P/E of 19.04 [6] - The company has a PEG ratio of 2.3, compared to the Electronics - Miscellaneous Products industry's average PEG ratio of 1.74 [7] Group 5: Industry Context - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 149, placing it in the bottom 40% of all industries [8]
Here's Why Garmin (GRMN) is a Strong Momentum Stock
ZACKS· 2025-06-26 14:56
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated based on value, growth, and momentum characteristics, with scores ranging from A to F, where A indicates the highest potential for outperformance [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Value Score - The Value Score identifies attractive stocks based on valuation ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors [3] Growth Score - The Growth Score assesses stocks based on projected and historical earnings, sales, and cash flow, targeting growth investors [4] Momentum Score - The Momentum Score helps investors capitalize on price trends and earnings outlook changes, focusing on short-term price movements [5] VGM Score - The VGM Score combines the three Style Scores to provide a comprehensive rating, highlighting stocks with strong value, growth, and momentum characteristics [6] Zacks Rank Integration - The Zacks Rank utilizes earnings estimate revisions to guide investors in stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [7][8] - To maximize returns, investors should consider stocks with a Zacks Rank of 1 or 2 alongside Style Scores of A or B [9] Stock Highlight: Garmin (GRMN) - Garmin, based in Olathe, Kansas, is rated 3 (Hold) on the Zacks Rank and has a VGM Score of A, indicating potential for momentum investors [11] - Recent upward revisions in earnings estimates for fiscal 2025 have increased the Zacks Consensus Estimate by $0.08 to $7.99 per share, with an average earnings surprise of 17.7% [12]
Meet quatix 8: the most advanced purpose-built smartwatch for mariners from Garmin
Prnewswire· 2025-06-25 11:01
Core Insights - Garmin has launched the quatix® 8, a nautical smartwatch designed for mariners, featuring a built-in speaker and microphone for helm control and phone calls while on the water [1][6] - The smartwatch is available in two sizes, 47mm and 51mm, both equipped with a 1.4-inch AMOLED display and a durable design that includes a scratch-resistant sapphire lens and titanium bezel [1][4] - The quatix 8 boasts impressive battery life, lasting up to 16 days for the 47mm model and 29 days for the 51mm model [1] Product Features - The quatix 8 is designed to withstand tough conditions, meeting U.S. military standards for thermal and shock resistance, and includes an ambient light sensor for visibility in sunlight [4] - It is dive-rated up to 40 meters and features leakproof metal buttons and a sensor guard for protection during underwater activities [5] - The smartwatch allows users to navigate water, control Garmin chartplotter functions, and make calls via Bluetooth when paired with a compatible smartphone [6][10] Pricing and Availability - The quatix 8 is available now, with a suggested retail price of $1,199.99 for the 47mm model and $1,299.99 for the 51mm model [8] Company Background - Garmin is recognized as the world's largest marine electronics manufacturer and has been named Manufacturer of the Year by the National Marine Electronics Association for ten consecutive years [9]
Garmin brings FAA Data Comm to market through GTN 750Xi series certification
Prnewswire· 2025-06-25 10:59
Core Viewpoint - Garmin has expanded its FAA Data Comm solution to the retrofit aviation market, enabling streamlined communication between pilots and air traffic control, enhancing safety and efficiency in flight operations [1][2]. Group 1: Product Expansion - The FAA Data Comm solution is now available for the GTN 750Xi series navigators, integrating with the GDR 66 VHF data link (VDL) Mode 2 transceiver [1]. - Over 25 makes and models have been added to the FAA Data Comm participation list, allowing more aircraft owners to upgrade their systems [1][2]. - The solution is designed to reduce errors and improve the efficiency of receiving clearances and sending requests on crowded frequencies [1]. Group 2: Operational Benefits - With over 60 airports equipped with Controller Pilot Datalink Communications Departure Clearance (CPDLC-DCL), the system allows automatic loading of departure clearances into avionics, reducing read-back errors and expediting departures [3]. - Enroute FAA Data Comm is available across the U.S. above 16,000 feet MSL, facilitating communication of clearances such as frequency changes and routing [4]. - Pilots can request clearances directly from their avionics, enhancing operational flexibility [4]. Group 3: Enhanced User Experience - The integration of TXi flight displays with the GTN 750Xi navigators allows for streamlined workload management, syncing critical flight data across multiple displays [5]. - Data Comm capabilities can be enhanced through additional subscriptions available via Garmin, providing pilots with more options for communication [6]. Group 4: Company Overview - Garmin is a leading provider of aviation solutions, committed to innovation and enhancing the lives of pilots and aircraft operators globally [7]. - The company has received accolades for its advancements in aviation technology, including the Robert J. Collier Trophy for its Autoland system [7].
Bring your cycling climbs inside with the Tacx Alpine from Garmin
Prnewswire· 2025-06-24 11:02
Core Insights - Garmin has launched the Tacx® Alpine, a gradient simulator designed to enhance indoor cycling by replicating climbs and providing a more immersive riding experience [1][3] - The Tacx Alpine can simulate grades from up to 25% to down to -10%, allowing for a more natural movement during indoor rides [1][8] - The product is compatible with Tacx NEO 2T and 3M smart trainers, enhancing the overall cycling experience [1][3] Product Features - The Tacx Alpine features a dynamic fork mount that allows for virtual, real-time steering by simply rotating the handlebars [8] - It includes a built-in motion base for smoother and more responsive movements, contributing to a quiet and comfortable ride [8] - Users can manually adjust the grade using a built-in control panel or receive real-time automatic grade changes when paired with compatible apps [8] Market Positioning - The Tacx Alpine is priced at $1,099.99 and is positioned as a premium training tool for cyclists seeking an ultimate indoor cycling experience [5] - The product is designed to integrate seamlessly with the Tacx Training App, enabling users to complete training plans, participate in virtual GroupRides, and experience immersive videos from scenic routes [8] Company Overview - Garmin International, Inc. is a subsidiary of Garmin Ltd., which is incorporated in Switzerland and has principal subsidiaries in the United States, Taiwan, and the United Kingdom [7] - The company is committed to developing technology that enhances performance for athletes across various disciplines, including cycling [6]
Garmin unveils flagship Apollo RA800 marine stereo
Prnewswire· 2025-06-19 10:59
Core Insights - Garmin has launched the Fusion Apollo™ RA800 marine stereo, featuring advanced audio technology and design tailored for marine environments [1][3][4] Product Features - The Apollo RA800 offers high-resolution, lossless audio and Wi-Fi connectivity for superior sound performance and seamless streaming [1][8] - It includes an upgraded internal amplifier that is 50% more powerful than its predecessor, enhancing audio clarity and performance [3][8] - The stereo supports DAB and DAB+ broadcasts for high-quality digital radio streaming [8] - Improved Wi-Fi connectivity allows for Apple AirPlay audio streaming, providing a high-fidelity listening experience [8] - The device features a 4.3" LCD touchscreen with enhanced image resolution, color saturation, and readability in bright daylight [8] - The processor is eight times faster than the previous generation, resulting in quicker response times [8] Market Position - Garmin is recognized as the world's largest and most innovative marine electronics manufacturer, with a commitment to delivering high-performance audio solutions [1][6] - The suggested retail price for the Apollo RA800 is $999.99, and it is designed to be a drop-in replacement for existing RA770 and RA670 models [4]
Rest easy with the Index Sleep Monitor smart sleep band from Garmin
Prnewswire· 2025-06-18 11:02
Core Insights - Garmin has launched the Index™ Sleep Monitor, a lightweight smart sleep band designed to track various health metrics related to sleep and recovery [1][3][4] Product Features - The Index Sleep Monitor tracks sleep stages, heart rate variability (HRV), breathing variations, skin temperature, and more, providing a comprehensive view of overall fitness and recovery [1][2][6] - It features up to 7 nights of battery life with continuous Pulse Ox tracking and syncs data to the Garmin Connect™ app for further analysis [1][4] - The device includes a smart wake alarm that gently wakes users during lighter sleep stages, enhancing the waking experience [4] Health Metrics - Users receive a personalized sleep score (0-100) each morning based on various factors such as sleep duration and stress levels [6] - The device tracks specific sleep stages (light, deep, REM) and provides insights into HRV status, breathing patterns, skin temperature changes, and stress levels [6] - Women's health tracking features are included, offering insights into menstrual cycles and pregnancy [6] Availability and Pricing - The Index Sleep Monitor is available in two sizes (S-M and L-XL) and is priced at a suggested retail price of $169.99 [4]
Deutsche Aircraft Unveils New Garmin G5000® PRIME Flight Deck for the D328eco® at Paris Air Show
GlobeNewswire News Room· 2025-06-16 08:28
Core Insights - Deutsche Aircraft unveiled the New Garmin G5000® PRIME Flight Deck for the D28eco at the Paris Air Show 2025, marking a significant advancement in regional aviation with a focus on sustainability and advanced avionics integration [1][2] Company Developments - The G5000 PRIME flight deck is designed for the D328eco, a next-generation 40-seater regional turboprop, enhancing pilot-centric design, automation, and compliance with global airspace regulations [2][3] - The D328eco program has transitioned from development to industrialization, with the first test aircraft, TAC 1, unveiled in May 2025, indicating strong momentum towards entry into service in Q4 2027 [4] Technological Advancements - The G5000 PRIME features a touchscreen interface, advanced safety tools like Runway Occupancy Awareness (ROA), and capabilities for fleet connectivity and predictive maintenance, ensuring a digitally connected and pilot-friendly experience [4][6] - The flight deck's open architecture allows for rapid adaptation to evolving technologies and mission needs, positioning it as a scalable solution for Part 25 transport aircraft [4][6] Market Positioning - The collaboration between Deutsche Aircraft and Garmin aims to redefine regional air travel by enhancing operational flexibility, efficiency, and environmental responsibility through the G5000 PRIME [2][3]
Garmin debuts the GPSMAP 15x3 chartplotter with a 15" ultrawide premium display
Prnewswire· 2025-06-12 11:02
Core Viewpoint - Garmin has launched the GPSMAP® 15x3 chartplotter, featuring a 15-inch ultrawide touchscreen designed to enhance the boating experience with superior clarity and streamlined functionality [1][3]. Product Features - The GPSMAP 15x3 offers a high-resolution display that is 74% wider than a standard 9-inch chartplotter, providing an expansive field of view for users [7]. - It includes built-in sonar capabilities such as Ultra High-Definition ClearVü™ and SideVü™, along with optional support for Panoptix™, LiveScope™, and CHIRP traditional sonar [7]. - The device comes preloaded with Garmin Navionics+™ integrated mapping, featuring Auto Guidance+™ technology and a one-year plan for downloadable daily updates [7]. - Users can control various onboard systems through Garmin's EmpirBus™ digital switching and OneHelm™ integrated solutions, allowing for management of lighting, power, and third-party devices [7]. Pricing and Availability - The GPSMAP 15x3 is available now with a suggested retail price of $4,499.99 [4]. Company Background - Garmin is recognized as the world's largest marine electronics manufacturer and has been named Manufacturer of the Year by the National Marine Electronics Association (NMEA) for ten consecutive years [5].
Introducing Venu X1: Garmin's ultrathin smartwatch with an industry-leading 2-inch display
Prnewswire· 2025-06-12 11:01
Core Insights - Garmin has launched the Venu® X1 smartwatch, which features an ultrathin design, a revolutionary 2-inch display, and superior battery life, setting new standards in the smartwatch industry [1][2][3] Product Features - The Venu X1 includes a titanium caseback, a scratch-resistant sapphire lens, and an easy-to-read AMOLED display, all within an 8mm watch case [1][9] - It is equipped with a built-in speaker and microphone, allowing users to make and take calls directly from the watch when paired with a compatible smartphone [4][6] - The smartwatch features a bright LED flashlight for enhanced visibility in dark environments [4] - Battery life lasts up to 8 days in smartwatch mode, promoting less frequent charging [1][5] Design and Usability - The Venu X1 is designed for all-day wear, featuring a lightweight construction and customizable watch faces for easy access to important data [9] - It includes a 24mm quick-release ComfortFit nylon band for a comfortable and secure fit [9] - Available in two color options: black and moss [9] Pricing and Availability - The suggested retail price for the Venu X1 is $799.99, with availability starting in June [5]