We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Garmin (GRMN) Stock Moves 1.00%: What You Should Know
Read MoreHide Full Article
Garmin (GRMN - Free Report) ended the recent trading session at $240.02, demonstrating a +1% change from the preceding day's closing price. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq lost 0.8%.
The maker of personal navigation devices's stock has dropped by 0.13% in the past month, exceeding the Computer and Technology sector's loss of 5.47% and the S&P 500's loss of 1.43%.
Analysts and investors alike will be keeping a close eye on the performance of Garmin in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. In that report, analysts expect Garmin to post earnings of $2.27 per share. This would mark year-over-year growth of 4.61%. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 6.41% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.53 per share and a revenue of $7.98 billion, signifying shifts of +11.33% and +10.12%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Garmin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Garmin holds a Zacks Rank of #2 (Buy).
Investors should also note Garmin's current valuation metrics, including its Forward P/E ratio of 24.93. For comparison, its industry has an average Forward P/E of 29.42, which means Garmin is trading at a discount to the group.
Also, we should mention that GRMN has a PEG ratio of 2.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 51, positioning it in the top 21% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GRMN in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Garmin (GRMN) Stock Moves 1.00%: What You Should Know
Garmin (GRMN - Free Report) ended the recent trading session at $240.02, demonstrating a +1% change from the preceding day's closing price. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq lost 0.8%.
The maker of personal navigation devices's stock has dropped by 0.13% in the past month, exceeding the Computer and Technology sector's loss of 5.47% and the S&P 500's loss of 1.43%.
Analysts and investors alike will be keeping a close eye on the performance of Garmin in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. In that report, analysts expect Garmin to post earnings of $2.27 per share. This would mark year-over-year growth of 4.61%. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 6.41% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.53 per share and a revenue of $7.98 billion, signifying shifts of +11.33% and +10.12%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Garmin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Garmin holds a Zacks Rank of #2 (Buy).
Investors should also note Garmin's current valuation metrics, including its Forward P/E ratio of 24.93. For comparison, its industry has an average Forward P/E of 29.42, which means Garmin is trading at a discount to the group.
Also, we should mention that GRMN has a PEG ratio of 2.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Miscellaneous Products stocks are, on average, holding a PEG ratio of 1.74 based on yesterday's closing prices.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 51, positioning it in the top 21% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GRMN in the coming trading sessions, be sure to utilize Zacks.com.