Garmin stock rises with strong earnings and revenue forecasts, outperforming S&P 500.

From Nasdaq: 2024-06-28 18:15:19

Garmin (GRMN) closed at $162.92, up 0.56% from the prior day, outperforming the S&P 500. Analysts anticipate earnings of $1.45 per share and revenue of $1.48 billion in the upcoming quarterly report on July 31, 2024. The Zacks Rank of #1 (Strong Buy) and a Forward P/E ratio of 28.07 make GRMN a stock to watch.

For the entire year, Zacks Consensus Estimates forecast earnings of $5.77 per share and revenue of $5.9 billion for Garmin. Investors should consider the PEG ratio of 3.49, hinting at expected earnings growth trajectory. The Electronics – Miscellaneous Products industry has an average PEG ratio of 2.66, with a Zacks Industry Rank of 196 within the Computer and Technology sector.

Harness Zacks.com for stock-shifting metrics and industry insights to stay ahead in the next trading sessions. Interested investors can download the 7 Best Stocks for the Next 30 Days from Zacks Investment Research for free. Check out the latest stock analysis report on Garmin Ltd. (GRMN) for more detailed information.



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