From Barchart: 2024-07-10 12:29:00

Garmin introduces Panoptix PS22-IF Ice Fishing Bundle with live sonar for anglers. Features ECHOMAP UHD2 73sv touchscreen combo and two sonar modes. Expected to gain popularity with anglers and boat enthusiasts.

Global marine electronics market to reach $8.13 billion by 2030. Garmin set to capitalize with expanding marine offerings. Recently launched GPSMAP x3 chartplotters and quatix 7 Pro marine smartwatch. Expects 2024 revenue of $5.75 billion.

Garmin’s portfolio strength drives shares up 26.8% YTD. Announces advancements in FltPlan safety system and launch of Approach Z30 laser range finder for golfers. Partners with Google to add YouTube Music app to smartwatches.

Garmin expects revenue of $5.90 billion in 2024 and earnings of $5.40 per share. Zacks Rank #2 (Buy) stock. Apple and Badger Meter also Zacks Rank #2. Apple shares up 20.1% YTD, Badger Meter up 27%. Outlook positive for all three companies.



Read more at Barchart: Garmin (GRMN) Boosts Marine Offerings With Panoptix PS22-IF