Countdown to Garmin (GRMN) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Analysts expect Garmin (GRMN) to report quarterly earnings of $2.39 per share, reflecting a year-over-year decline of 0.8%, with revenues projected at $2.01 billion, an increase of 10.4% from the previous year [1] Earnings Estimates - There have been no revisions in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] Revenue Projections - Analysts predict 'Net Sales- Marine' to be $297.28 million, up 18.3% year-over-year [4] - 'Net Sales- Aviation' is expected to reach $254.95 million, reflecting a 7.6% increase [4] - 'Net Sales- Fitness' is forecasted at $702.38 million, indicating a significant growth of 30.2% [4] - 'Net Sales- Outdoor' is estimated at $601.92 million, down 4.4% year-over-year [5] - 'Net Sales- Auto OEM' is projected at $156.13 million, a decrease of 5.8% from the prior year [5] Operating Income Estimates - 'Operating income (loss)- Outdoor' is estimated at $218.16 million, down from $251.32 million in the same quarter last year [5] - 'Operating income (loss)- Fitness' is forecasted at $199.75 million, compared to $159.16 million a year ago [6] - 'Operating income (loss)- Marine' is expected to reach $60.74 million, up from $50.59 million in the previous year [6] Gross Profit Estimates - 'Gross profit- Fitness' is projected at $398.13 million, compared to $308.63 million last year [7] - 'Gross profit- Marine' is expected to be $166.84 million, up from $144.66 million a year ago [7] - 'Gross profit- Aviation' is forecasted at $190.64 million, compared to $178.38 million last year [8] - 'Gross profit- Outdoor' is estimated at $387.13 million, down from $420.76 million in the same quarter last year [8] Stock Performance - Over the past month, Garmin shares have returned -2.3%, while the Zacks S&P 500 composite has seen a -0.3% change [8]