Garmin (GRMN) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - Garmin closed at $234.18, reflecting a -1.05% change from the previous day, underperforming the S&P 500 which had a daily loss of 0.1% [1] - The upcoming earnings disclosure is anticipated, with expected EPS of $1.98, a decrease of 0.5% year-over-year, and revenue projected at $1.78 billion, indicating a 12.35% increase compared to the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $8.07 per share and revenue at $7.05 billion, representing increases of +9.2% and +11.9% respectively from the previous year [3] - Recent adjustments to analyst estimates for Garmin suggest evolving short-term business trends, with positive revisions indicating analyst optimism regarding business and profitability [3][4] Zacks Rank and Valuation - Garmin currently holds a Zacks Rank of 2 (Buy), with the consensus EPS estimate having increased by 1.43% over the past month [5] - The company is trading at a Forward P/E ratio of 29.34, which is a premium compared to the industry average of 20.93 [6] - Garmin's PEG ratio stands at 2.63, higher than the industry average PEG ratio of 1.88 [7] Industry Context - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 100, placing it in the top 41% of over 250 industries [8]