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Garmin's (GRMN) Q1 Earnings and Revenues Beat Estimates
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Garmin, Ltd. (GRMN - Free Report) is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.
Garmin is currently riding high on product line expansion. Recently, the company launched fenix 5 series with three designs, all equipped with Garmin Elevate wrist heart rate technology and QuickFit band replacement system. Garmin also launched new touchscreen and keyed chartplotter combo offerings in its popular GPSMAP product line.
Management focuses on continued innovation, diversification and market expansion to explore growth opportunities in all business segments.
Due to this, investors are eagerly awaiting Garmin’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Over the past month, the stock has witnessed no estimate revisions for the first quarter 2017.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: GRMN reported earnings of 52 cents which exceeded The Zacks Consensus Estimate of 45 cents.
Revenue: Garmin beats on revenues. It posted revenues of $638.5 million, compared to our consensus estimate of $634 million.
Key Stats: The company’s top-line performance was mainly driven by its fitness, outdoor, marine and aviation products.
Check back later for our full write up on this GRMN earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Garmin's (GRMN) Q1 Earnings and Revenues Beat Estimates
Garmin, Ltd. (GRMN - Free Report) is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.
Garmin is currently riding high on product line expansion. Recently, the company launched fenix 5 series with three designs, all equipped with Garmin Elevate wrist heart rate technology and QuickFit band replacement system. Garmin also launched new touchscreen and keyed chartplotter combo offerings in its popular GPSMAP product line.
Management focuses on continued innovation, diversification and market expansion to explore growth opportunities in all business segments.
Due to this, investors are eagerly awaiting Garmin’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Over the past month, the stock has witnessed no estimate revisions for the first quarter 2017.
Garmin Ltd. Price and EPS Surprise
Garmin Ltd. Price and EPS Surprise | Garmin Ltd. Quote
Currently, Garmin has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: GRMN reported earnings of 52 cents which exceeded The Zacks Consensus Estimate of 45 cents.
Revenue: Garmin beats on revenues. It posted revenues of $638.5 million, compared to our consensus estimate of $634 million.
Key Stats: The company’s top-line performance was mainly driven by its fitness, outdoor, marine and aviation products.
Check back later for our full write up on this GRMN earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>