Garmin (GRMN) Outperforms Broader Market: What You Need to Know

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]