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Garmin (GRMN - Free Report) closed the most recent trading day at $290.35, moving +1.46% from the previous trading session. This change outpaced the S&P 500's 0.28% gain on the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq decreased by 0.02%.
The stock of maker of personal navigation devices has risen by 2.09% in the past month, leading the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
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 October 28, 2026. The company is predicted to post an EPS of $2.38, indicating a 19.6% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.99 billion, indicating a 12.32% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.08 per share and revenue of $8.09 billion. These totals would mark changes of +17.76% and +11.7%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Garmin. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 past month, the Zacks Consensus EPS estimate has remained steady. As of now, Garmin holds a Zacks Rank of #3 (Hold).
Investors should also note Garmin's current valuation metrics, including its Forward P/E ratio of 28.4. This valuation marks a premium compared to its industry average Forward P/E of 18.81.
We can also see that GRMN currently has a PEG ratio of 3.2. 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. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.27 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Garmin (GRMN) Laps the Stock Market: Here's Why
Garmin (GRMN - Free Report) closed the most recent trading day at $290.35, moving +1.46% from the previous trading session. This change outpaced the S&P 500's 0.28% gain on the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq decreased by 0.02%.
The stock of maker of personal navigation devices has risen by 2.09% in the past month, leading the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
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 October 28, 2026. The company is predicted to post an EPS of $2.38, indicating a 19.6% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.99 billion, indicating a 12.32% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.08 per share and revenue of $8.09 billion. These totals would mark changes of +17.76% and +11.7%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Garmin. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 past month, the Zacks Consensus EPS estimate has remained steady. As of now, Garmin holds a Zacks Rank of #3 (Hold).
Investors should also note Garmin's current valuation metrics, including its Forward P/E ratio of 28.4. This valuation marks a premium compared to its industry average Forward P/E of 18.81.
We can also see that GRMN currently has a PEG ratio of 3.2. 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. The average PEG ratio for the Electronics - Miscellaneous Products industry stood at 1.27 at the close of the market yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.