The Zacks Electronics – Miscellaneous Products industry has been suffering from challenging macroeconomic conditions, high levels of inventories with distributors and steep interest rates. The global economic turmoil is expected to keep the semiconductor capex under check, which does not bode well for industry participants in the near term. However, players like KLA (KLAC) , Garmin (GRMN) , and Trimble (TRMB) are benefiting from higher spending on advanced technologies, including augmented reality (AR) and ...

A company with a favorable efficiency level is expected to provide stellar returns as it is believed to be positively correlated with price performance. In fact, efficiency level, which measures a company’s capability to transform available input into output, is often considered an important parameter for gauging its potential to make profits.However, at times, it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks.Th ...

Key PointsGarmin is a leading provider of GPS and smartwatch fitness trackers.The company posted record first-quarter revenues in its Fitness, Outdoors, Aviation, and Marine segments and reaffirmed full-year 2024 guidance.At its annual meeting on June 7, 2024, Garmin will vote on a $3.00 annual cash dividend paid out in equal quarterly distributions.5 stocks we like better than GarminGarmin Ltd. NYSE: GRMN launched in 1989 with the sole focus of providing GPS devices for consumers. Years later, the advent o ...

Fourth annual awards program recognizes the world's most innovative solutions that successfully integrate Garmin wearable technology into health and wellness programsOLATHE, Kan., May 7, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced a global call for entries for its 2024 Garmin Health Awards, celebrating the world's most innovative solutions that successfully leverage the power of Garmin technology into health and wellness programs. This year, Garmin will unveil a refreshed format for the Garmin ...

Have you looked into how Garmin (GRMN) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this maker of personal navigation devices, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now pl ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 6th:Smurfit Kappa Group Plc (SMFKY) : This manufacturer of containerboard, corrugated containers, and other paper-based packaging products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 3.9%, compared with the industry average of 1.4%.Levi Strauss & Co. (LEVI) : This seller of apparels and ...

Garmin Ltd. (GRMN) has reported first-quarter 2024 pro-forma earnings of $1.42 per share, beating the Zacks Consensus Estimate by 42%. The bottom line improved on a year-over-year basis.Net sales were $1.38 billion, which surpassed the Zacks Consensus Estimate of $1.24 billion. The figure increased 20% from the year-ago quarter.Year-over-year growth in the top line was attributed to strength in the Fitness and Auto OEM segments. The growing Outdoor and Marine segments contributed well.Shares of Garmin have ...

Garmin's sales soared by 20% year over year in the first quarter.Garmin (GRMN 12.05%) reported its first-quarter earnings today and investors saw a lot to like. The maker of wearables, activity trackers, and other high-tech outdoor adventure devices saw sales soar 20% compared to last year's first quarter.Investors jumped into the stock in response. Garmin stock had already moved higher by nearly 50% over the last year, and it jumped by another 11.7% today, as of 11:15 a.m. ET.Garmin stock keeps runningGarm ...

For the quarter ended March 2024, Garmin (GRMN) reported revenue of $1.38 billion, up 20.4% over the same period last year. EPS came in at $1.42, compared to $1.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of +11.63%. The company delivered an EPS surprise of +42.00%, with the consensus EPS estimate being $1.00.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Garmin (GRMN) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42%. A quarter ago, it was expected that this maker of personal navigation devices would post earnings of $1.40 per share when it actually produced earnings of $1.72, delivering a surprise of 22.86%.Over the last four quarters ...