Garmin (GRMN) Rises Higher Than Market: Key Facts

In the latest trading session, Garmin (GRMN) closed at $232.00, marking a +1.88% move from the previous day. This change outpaced the S&P 500's 0.78% gain on the day. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 0.61%. The stock of maker of personal navigation devices has risen by 11.03% in the past month, leading the Computer and Technology sector's gain of 8.76% and the S&P 500's gain of 5.88%.The investment community will be paying close attention to the earnings performance of Garmin in its upcoming release. The company is slated to reveal its earnings on July 30, 2025. The company's upcoming EPS is projected at $1.96, signifying a 24.05% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.74 billion, indicating a 15.35% upward movement from the same quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.03 per share and a revenue of $6.85 billion, signifying shifts of +8.66% and +8.72%, respectively, from the last year. Investors should also take note of any recent adjustments to analyst estimates for Garmin. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.47% higher within the past month. Garmin currently has a Zacks Rank of #3 (Hold). Digging into valuation, Garmin currently has a Forward P/E ratio of 28.36. For comparison, its industry has an average Forward P/E of 19.15, which means Garmin is trading at a premium to the group. Also, we should mention that GRMN has a PEG ratio of 2.54. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Electronics - Miscellaneous Products industry had an average PEG ratio of 1.73. The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 73, putting it in the top 30% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks