Garmin(US:GRMN) ZACKSยท2025-04-30 14:36Core Insights - Garmin reported revenue of $1.54 billion for the quarter ended March 2025, reflecting an 11.1% increase year-over-year, but fell short of the Zacks Consensus Estimate of $1.57 billion by 2.00% [1] - The company's EPS was $1.61, up from $1.42 in the same quarter last year, but also missed the consensus estimate of $1.65 by 2.42% [1] Revenue Performance by Segment - Fitness segment net sales were $384.72 million, a 12.2% increase year-over-year, but below the average estimate of $404.99 million [4] - Outdoor segment net sales reached $438.50 million, up 19.7% year-over-year, slightly below the average estimate of $442.87 million [4] - Auto OEM segment net sales were $169.33 million, exceeding the average estimate of $153.36 million, with a year-over-year increase of 31.3% [4] - Marine segment net sales totaled $319.44 million, down 2.2% year-over-year, and below the average estimate of $337.51 million [4] - Aviation segment net sales were $223.11 million, a 2.9% increase year-over-year, but slightly below the average estimate of $227.61 million [4] Operating Income and Gross Profit - Fitness segment operating income was $77.71 million, below the average estimate of $100.47 million [4] - Outdoor segment operating income was $128.79 million, also below the average estimate of $155.68 million [4] - Aviation segment operating income was $48.36 million, exceeding the average estimate of $46.66 million [4] - Marine segment operating income was $86.87 million, significantly above the average estimate of $64.67 million [4] - Gross profit for Auto OEM was $30.03 million, surpassing the average estimate of $22.57 million [4] - Fitness segment gross profit was $220.14 million, below the average estimate of $237.45 million [4] - Outdoor segment gross profit was $282.54 million, also below the average estimate of $291.48 million [4] Stock Performance - Garmin's shares have returned -6.2% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]