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Garmin (GRMN) Beats Stock Market Upswing: What Investors Need to Know
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Garmin (GRMN - Free Report) ended the recent trading session at $261.57, demonstrating a +1.82% change from the preceding day's closing price. This change outpaced the S&P 500's 1.02% gain on the day. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 1.23%.
The maker of personal navigation devices's stock has climbed by 10.01% in the past month, exceeding the Computer and Technology sector's gain of 1.17% and the S&P 500's gain of 0.63%.
The investment community will be closely monitoring the performance of Garmin in its forthcoming earnings report. The company is scheduled to release its earnings on April 29, 2026. In that report, analysts expect Garmin to post earnings of $1.83 per share. This would mark year-over-year growth of 13.66%. Our most recent consensus estimate is calling for quarterly revenue of $1.72 billion, up 11.83% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.4 per share and revenue of $7.95 billion, indicating changes of +9.81% and +9.77%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Garmin. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Garmin presently features a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Garmin is at present trading with a Forward P/E ratio of 27.33. For comparison, its industry has an average Forward P/E of 25.78, which means Garmin is trading at a premium to the group.
Investors should also note that GRMN has a PEG ratio of 3.08 right now. 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. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.56 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Garmin (GRMN) Beats Stock Market Upswing: What Investors Need to Know
Garmin (GRMN - Free Report) ended the recent trading session at $261.57, demonstrating a +1.82% change from the preceding day's closing price. This change outpaced the S&P 500's 1.02% gain on the day. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 1.23%.
The maker of personal navigation devices's stock has climbed by 10.01% in the past month, exceeding the Computer and Technology sector's gain of 1.17% and the S&P 500's gain of 0.63%.
The investment community will be closely monitoring the performance of Garmin in its forthcoming earnings report. The company is scheduled to release its earnings on April 29, 2026. In that report, analysts expect Garmin to post earnings of $1.83 per share. This would mark year-over-year growth of 13.66%. Our most recent consensus estimate is calling for quarterly revenue of $1.72 billion, up 11.83% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.4 per share and revenue of $7.95 billion, indicating changes of +9.81% and +9.77%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Garmin. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Garmin presently features a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Garmin is at present trading with a Forward P/E ratio of 27.33. For comparison, its industry has an average Forward P/E of 25.78, which means Garmin is trading at a premium to the group.
Investors should also note that GRMN has a PEG ratio of 3.08 right now. 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. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.56 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.