Garmin (GRMN) Q1 Earnings and Revenues Miss Estimates

Financial Performance - Garmin reported quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.65 per share, but showing an increase from $1.42 per share a year ago, representing an earnings surprise of -2.42% [1] - The company posted revenues of $1.54 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2%, compared to year-ago revenues of $1.38 billion [2] Market Performance - Garmin shares have lost about 1.1% since the beginning of the year, while the S&P 500 has declined by 5.5% [3] - The current Zacks Rank for Garmin is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $1.89 on revenues of $1.68 billion, and for the current fiscal year, it is $7.87 on revenues of $6.77 billion [7] - The estimate revisions trend for Garmin is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [6][7] Industry Context - Garmin belongs to the Zacks Electronics - Miscellaneous Products industry, which is currently in the bottom 42% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Garmin's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]