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Garmin (GRMN) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2025-07-25 14:16
Core Viewpoint - Garmin (GRMN) is expected to report quarterly earnings of $1.96 per share, a 24.1% increase year-over-year, with revenues projected at $1.74 billion, reflecting a 15.3% year-over-year growth [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised upward by 0.7%, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock [3]. Key Metrics Projections - Analysts predict 'Net Sales- Marine' to reach $296.34 million, an increase of 8.6% from the prior year [4]. - 'Net Sales- Aviation' is estimated at $242.18 million, reflecting an 11% year-over-year change [5]. - 'Net Sales- Fitness' is expected to be $513.54 million, indicating a 19.9% increase year-over-year [5]. - 'Net Sales- Outdoor' is projected at $519.45 million, suggesting an 18.1% year-over-year growth [5]. - 'Net Sales- Auto OEM' is estimated at $166.39 million, a 13.1% increase from the previous year [6]. Operating Income Estimates - 'Operating income (loss)- Outdoor' is expected to be $185.99 million, up from $135.59 million year-over-year [6]. - 'Operating income (loss)- Fitness' is projected at $140.32 million, compared to $107.61 million in the same quarter last year [7]. - 'Operating income (loss)- Marine' is estimated at $58.30 million, slightly down from $59.89 million in the previous year [7]. Gross Profit Estimates - 'Gross profit- Fitness' is forecasted to be $298.72 million, up from $245.25 million year-over-year [8]. - 'Gross profit- Marine' is expected to reach $162.48 million, compared to $147.79 million in the same quarter last year [8]. - 'Gross profit- Aviation' is projected at $181.00 million, an increase from $161.37 million year-over-year [9]. - 'Gross profit- Outdoor' is estimated at $332.14 million, up from $284.21 million in the previous year [9]. Stock Performance - Over the past month, Garmin shares have returned +13%, outperforming the Zacks S&P 500 composite's +4.6% change [9].
Garmin (GRMN) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-07-23 15:07
Core Viewpoint - Garmin is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2025, with the actual results having a significant impact on its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to be released on July 30, with a consensus EPS estimate of $1.96, reflecting a +24.1% change year-over-year. Revenues are projected to be $1.74 billion, up 15.4% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 0.65% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - Garmin's Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.02%, suggesting a bearish outlook from analysts [12]. The stock currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Garmin was expected to post earnings of $1.65 per share but delivered $1.61, resulting in a surprise of -2.42%. Over the last four quarters, the company has beaten consensus EPS estimates three times [13][14]. Conclusion - Garmin does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].
Garmin (GRMN) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-07-16 23:16
Company Performance - Garmin's stock increased by 2.16% to $220.80, outperforming the S&P 500's daily gain of 0.32% [1] - Over the past month, Garmin's stock has risen by 9.28%, surpassing the Computer and Technology sector's gain of 7.22% and the S&P 500's gain of 4.51% [1] Upcoming Financial Results - Garmin is set to announce its earnings on July 30, 2025, with an expected EPS of $1.95, reflecting a 23.42% growth year-over-year [2] - Revenue is anticipated to be $1.73 billion, indicating a 15.01% increase compared to the same quarter last year [2] Full Year Estimates - Analysts expect Garmin to report earnings of $7.99 per share and revenue of $6.83 billion for the full year, representing changes of +8.12% and +8.48% respectively from the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for Garmin's business [3] Valuation Metrics - Garmin's current Forward P/E ratio is 27.04, which is higher than the industry average of 18.94 [6] - The company has a PEG ratio of 2.42, compared to the industry average PEG ratio of 1.78 [6] Industry Context - Garmin operates within the Electronics - Miscellaneous Products industry, which is part of the Computer and Technology sector [7] - The industry holds a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries [7]
Garmin unveils new Distance Measuring Equipment (DME) solutions for aircraft
Prnewswire· 2025-07-16 10:59
Core Viewpoint - Garmin has introduced new Distance Measuring Equipment (DME) products, the GDM 4500 and GDM 450R, aimed at modernizing navigation capabilities for various aircraft types [1][2][7]. Product Overview - The GDM 4500 is designed for turbine aircraft and helicopters, featuring environmental hardening and compatibility with third-party systems via ARINC 429 support [4][7]. - The GDM 450R is tailored for Part 23 general aviation aircraft, allowing pilots to tune two separate DME frequencies and maintain active distance indications [3][7]. Features and Capabilities - Both DME products enable pilots to track two separate DME stations simultaneously and can automatically scan up to three additional DME frequencies with compatible Garmin avionics [1][3]. - The GDM 450R supports legacy databus connections for integration with older navigation systems, while the GDM 4500 includes standard features like Free Scan capability and DME-DME navigation [3][4]. Market Context - The introduction of these DME solutions responds to the growing interest among aircraft owners for alternative navigation sources, aiming to modernize existing aircraft capabilities [2][7]. - Garmin positions itself as a leading provider of aviation solutions, continuously innovating to meet the needs of general aviation, business aviation, and other sectors [6][7]. Availability - The GDM 4500 and GDM 450R are expected to be available in the third quarter of 2025 [5].
Garmin advances dive safety technology with revolutionary Descent S1 Smart Buoy
Prnewswire· 2025-07-15 11:02
Track, monitor and communicate with those above – and below – the surface for greater situational awareness while exploring the depthsOLATHE, Kan., July 15, 2025 /PRNewswire/ --/July 15, 2025/PR Newswire – Garmin (NYSE: GRMN) today announced the Descent™ S1 Buoy, a revolutionary addition to the Garmin dive lineup that helps strengthen diver communication and enhances peace of mind for divers and crew. Using Garmin's unique SubWave™ sonar networking, the buoy integrates seamlessly with Garmin dive computers ...
How To Deep Clean Your Fitness Tracker (and Why You Should!)
CNET· 2025-07-12 12:00
Product Maintenance - Regular cleaning of smartwatches or fitness trackers is important to prevent skin irritation from accumulated dirt and grime [2] - The video demonstrates cleaning a Garmin Forerunner 965, highlighting its 5ATM waterproof rating, which allows submersion up to 50 meters [4][5] - Different watch bands (silicone, leather, metallic) require different cleaning methods, with leather and metallic bands needing gentle wiping instead of submersion [11][12] - Key areas to clean include where the watch face meets the band, the heart rate monitor, and the charging port [7][12] - Avoid using chemical solvents or abrasive materials on the screen; a microfiber cloth is recommended [14][15] Usage Tips - The presenter wears the watch in the shower, which helps to keep it clean [18] - A thumbtack (or toothpick/safety pin) can be used gently to scrape off gunk from hard-to-reach areas like the charging port [3][4][13] - Cotton swabs are useful for cleaning the areas where the band meets the watch face [3][7] Accessories - Silicone bands are easy to clean due to their waterproof nature [9] - Screen protectors can be used to prevent scratches, especially on watches prone to them [15]
Garmin smartwatches add turn-by-turn directions with Google Maps
Prnewswire· 2025-07-08 11:01
Core Points - Garmin has launched the Google Maps app in the Connect IQ Store, offering free turn-by-turn directions on compatible smartwatches [1][5] - The app enhances user experience by providing notifications for upcoming turns, allowing users to keep their phones in their pockets while navigating [3][4] - Users can track their fitness activities while using the app, syncing data with other health and fitness applications [4] Product Features - The Google Maps app provides on-the-go directions with gentle vibrations on the smartwatch, improving safety for pedestrians [3] - Users can view the next three turns by tapping into the app, enhancing situational awareness [3] - The app is compatible with various Garmin smartwatch models, including Venu, Forerunner, vívoactive, and fenix [1] Market Context - The Connect IQ Store serves as a comprehensive platform for Garmin users to personalize their devices with thousands of available apps and services [6] - The integration of Google Maps into Garmin's ecosystem reflects a growing trend of combining fitness tracking with navigation technology [1][6]
Garmin launches the Force Current kayak trolling motor with unrivaled maneuverability
Prnewswire· 2025-07-08 10:57
Core Viewpoint - Garmin has launched the Force Current, a hands-free kayak trolling motor that enhances the fishing experience by allowing anglers to control their kayak without needing to set down their fishing rod [1][3]. Product Features - The Force Current features a brushless motor designed specifically for kayak fishing, providing full forward and reverse thrust for easy navigation in various environments [1][5]. - It includes two prop options: a high-efficiency prop for extended battery life and a weedless prop for navigating through aquatic vegetation [5]. - The motor delivers 50 pounds of thrust with 24V power and 30 pounds with 12V power, enabling anglers to move efficiently throughout the day [8]. Technology and Innovation - The trolling motor incorporates a wireless throttle and steering control system, allowing for hands-free operation [2][3]. - It offers wireless integration with chartplotters, enabling anglers to create routes and control various functions such as steering and anchor lock [8]. - The product features smart anchor lock technology with multi-band GPS to maintain position in challenging conditions [8]. Market Position and Pricing - Kayak fishing is identified as one of the fastest-growing segments in recreational fishing, prompting Garmin to expand its Force trolling motor lineup [3]. - The Force Current will be available for a suggested retail price of $3,599.99 with foot pedals or $2,999.99 without [5]. 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 [6].
Garmin Ltd. schedules second quarter 2025 earnings call
Prnewswire· 2025-07-02 11:00
Core Points - Garmin Ltd. will hold its second quarter 2025 earnings conference call on July 30, 2025, at 10:30 a.m. EDT [1] - The earnings release will be distributed prior to market open on the same day [1] - Participants can join the call via a live webcast or by phone, with a recommendation to join 10 minutes early [2] Company Overview - Garmin Ltd. is focused on developing technology that enhances the performance and activity levels of individuals, particularly athletes [2] - The company is incorporated in Switzerland, with principal subsidiaries in the United States, Taiwan, and the United Kingdom [2]
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]