Garmin stock decreased by 0.59%, but analysts expect positive earnings report on July 31.

From NASDAQ MarketSite: 2024-07-19 18:15:20

In the latest market close, Garmin (GRMN) ended at $170.07, a decrease of -0.59% compared to the previous day, outperforming the S&P 500. The company has seen a 6.95% increase in shares over the last month, surpassing the sector’s loss. Analysts project the upcoming earnings report to show steady growth.

Garmin is scheduled to release its earnings on July 31, 2024, with an estimated EPS of $1.45 and revenue of $1.48 billion, showing positive growth trends. Recent estimate revisions reflect optimism among analysts, which can impact stock performance. The Zacks Rank system suggests potential for investors to capitalize on this opportunity.

Valuation metrics show Garmin with a Forward P/E ratio of 29.64, above the industry average. The PEG ratio of 3.69 indicates growth potential, with the company being part of the Computer and Technology sector. Industry rankings and Zacks research demonstrate the importance of monitoring stock metrics for informed investment decisions.

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Read more at NASDAQ MarketSite: Garmin (GRMN) Stock Moves -0.59%: What You Should Know