Garmin (GRMN) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.51%. A quarter ago, it was expected that this maker of personal navigation devices would post earnings of $1.96 per share when it actually produced earnings of $2.17, delivering a surprise of +10.71%.Over the last four q ...

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]

Financial Performance - Garmin reported quarterly earnings of $2.17 per share, exceeding the Zacks Consensus Estimate of $1.96 per share, and up from $1.58 per share a year ago, representing an earnings surprise of +10.71% [1] - The company posted revenues of $1.81 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.41%, compared to $1.51 billion in the same quarter last year [2] - Over the last four quarters, Garmin has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Garmin shares have increased approximately 16% since the beginning of the year, outperforming the S&P 500's gain of 8.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.93 on revenues of $1.67 billion, and for the current fiscal year, it is $7.97 on revenues of $6.85 billion [7] - The outlook for the industry, specifically the Electronics - Miscellaneous Products sector, is favorable, ranking in the top 33% of over 250 Zacks industries, which historically outperforms the bottom 50% by more than 2 to 1 [8]

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]

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]

Financial Performance - Garmin reported quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.65 per share, but showing an increase from $1.42 per share a year ago, representing an earnings surprise of -2.42% [1] - The company posted revenues of $1.54 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2%, compared to year-ago revenues of $1.38 billion [2] Market Performance - Garmin shares have lost about 1.1% since the beginning of the year, while the S&P 500 has declined by 5.5% [3] - The current Zacks Rank for Garmin is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $1.89 on revenues of $1.68 billion, and for the current fiscal year, it is $7.87 on revenues of $6.77 billion [7] - The estimate revisions trend for Garmin is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [6][7] Industry Context - Garmin belongs to the Zacks Electronics - Miscellaneous Products industry, which is currently in the bottom 42% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Garmin's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]