Financial PerformanceGarmin has been one of the top performing stocks in the hardware sector, with topline growth accelerating above the historical average.
Market ConfidenceGarmin stands apart from peers in raising their guidance and feeling confident on the growth ahead driven by new product launches.
Product InnovationGRMN continues its cadence of new introductions, including its new Enduro 3 and fēnix 8 premium multifunction smartwatches, along with multiple new aviation and Marine products.
Bears Say
Market PerformanceMomentum is slowing down as GRMN shares underperformed the market by roughly 6 points on the day it reported strong 2Q24 results and raised forward guidance.
Revenue And EarningsRevenue and earnings per share estimates are below market expectations, leading to a more cautious outlook.
Valuation ConcernsGarmin's valuation is nearly 2 standard deviations above its trailing 5-year average, which historically results in multiple de-rating as growth slows.
What was Garmin’s price range in the past 12 months?
Garmin lowest stock price was $114.49 and its highest was $207.22 in the past 12 months.
What is Garmin’s market cap?
Currently, no data Available
When is Garmin’s upcoming earnings report date?
Garmin’s upcoming earnings report date is Feb 19, 2025 which is in 104 days.
How were Garmin’s earnings last quarter?
Garmin released its earnings results on Oct 30, 2024. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.445 by $0.545.
Garmin pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.49%. See more information on Garmin dividends here
What is Garmin’s EPS estimate?
Garmin’s EPS estimate is $1.88.
How many shares outstanding does Garmin have?
Garmin has 192,024,960 shares outstanding.
What happened to Garmin’s price movement after its last earnings report?
Garmin reported an EPS of $1.99 in its last earnings report, beating expectations of $1.445. Following the earnings report the stock price went up 23.245%.
Which hedge fund is a major shareholder of Garmin?
Among the largest hedge funds holding Garmin’s share is Bridgewater Associates, LP. It holds Garmin’s shares valued at 16M.
Switzerland-based Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.
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