Garmin (GRMN) stock gains slightly, underperforms S&P 500, upcoming earnings report

From Nasdaq: 2024-10-04 18:15:22

Garmin (GRMN) closed at $170.03, a +0.53% change from the previous day, underperforming the S&P 500. The stock experienced a 6.44% loss in the last month. Investors anticipate the upcoming earnings report on October 30, with analysts forecasting earnings of $1.45 per share and revenue of $1.43 billion.

Zacks Consensus Estimates project full-year earnings of $6.05 per share and revenue of $5.97 billion for Garmin. Analysts’ expectations and positive estimate revisions may impact stock movement. Garmin currently holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 27.95, a premium compared to the industry average.

The Computer and Technology sector’s Electronics – Miscellaneous Products industry, in which Garmin is categorized, has a Zacks Industry Rank of 163. Zacks Research Chief recently highlighted stocks with the potential to double, including an innovative financial firm set for significant growth. To explore more stock recommendations, visit Zacks.com.



Read more at Nasdaq: Garmin (GRMN) Gains But Lags Market: What You Should Know