Garmin (GRMN) Advances While Market Declines: Some Information for Investors

Company Performance - Garmin's stock closed at $205.48, with a daily increase of +0.26%, outperforming the S&P 500, which fell by 0.53% [1] - Over the past month, Garmin's shares have appreciated by 8.87%, surpassing the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17% [1] Upcoming Earnings - Garmin is projected to report earnings of $1.95 per share, reflecting a year-over-year growth of 23.42% [2] - The consensus estimate anticipates revenue of $1.73 billion, indicating a 15.01% increase from the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $7.94 per share and revenue at $6.83 billion, showing changes of +7.44% and +8.48% respectively from the previous year [3] - Recent changes to analyst estimates indicate optimism regarding Garmin's business and profitability [3] Valuation Metrics - Garmin has a Forward P/E ratio of 25.83, which is a premium compared to the industry average Forward P/E of 18.72 [5] - The current PEG ratio for Garmin is 2.31, compared to the industry average PEG ratio of 1.65 [6] Industry Context - The Electronics - Miscellaneous Products industry, which includes Garmin, has a Zacks Industry Rank of 139, placing it in the bottom 44% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]