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Garmin (GRMN) Surpasses Market Returns: Some Facts Worth Knowing
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Garmin (GRMN - Free Report) closed the most recent trading day at $285.52, moving +1.55% from the previous trading session. This change outpaced the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.
The maker of personal navigation devices's stock has climbed by 1.49% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 0.55%.
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 October 28, 2026. The company's upcoming EPS is projected at $2.38, signifying a 19.60% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.99 billion, up 12.32% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $10.08 per share and a revenue of $8.09 billion, demonstrating changes of +17.76% and +11.7%, respectively, from the preceding year.
Any recent changes to analyst estimates for Garmin should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Garmin is currently a Zacks Rank #2 (Buy).
With respect to valuation, Garmin is currently being traded at a Forward P/E ratio of 27.91. This expresses a premium compared to the average Forward P/E of 20.65 of its industry.
One should further note that GRMN currently holds a PEG ratio of 3.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.28.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Garmin (GRMN) Surpasses Market Returns: Some Facts Worth Knowing
Garmin (GRMN - Free Report) closed the most recent trading day at $285.52, moving +1.55% from the previous trading session. This change outpaced the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.
The maker of personal navigation devices's stock has climbed by 1.49% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 0.55%.
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 October 28, 2026. The company's upcoming EPS is projected at $2.38, signifying a 19.60% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.99 billion, up 12.32% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $10.08 per share and a revenue of $8.09 billion, demonstrating changes of +17.76% and +11.7%, respectively, from the preceding year.
Any recent changes to analyst estimates for Garmin should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Garmin is currently a Zacks Rank #2 (Buy).
With respect to valuation, Garmin is currently being traded at a Forward P/E ratio of 27.91. This expresses a premium compared to the average Forward P/E of 20.65 of its industry.
One should further note that GRMN currently holds a PEG ratio of 3.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.28.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.