Garmin (GRMN) closed the latest trading day at $215.73, indicating a -0.89% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.67%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.98%.
The the stock of maker of personal navigation devices has risen by 4.07% in the past month, leading the Computer and Technology sector's loss of 0.79% and the S&P 500's gain of 2.07%.
Investors will be eagerly watching for the performance of Garmin in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 19, 2025. The company's upcoming EPS is projected at $1.89, signifying a 9.88% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.67 billion, indicating a 12.74% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Garmin. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Garmin possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Garmin is at present trading with a Forward P/E ratio of 28.42. This denotes a premium relative to the industry's average Forward P/E of 18.97.
We can also see that GRMN currently has a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Miscellaneous Products industry had an average PEG ratio of 1.62 as trading concluded yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 134, this industry ranks in the bottom 47% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2025
Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential.
Garmin Ltd. (GRMN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
