Garmin is expected to report strong Q1 earnings, driven by revenue growth in various segments

From Nasdaq: 2025-04-28 11:41:00

Garmin (GRMN) is set to report Q1 2025 results on April 30, with an estimated earnings per share of $1.57, a 13.4% year-over-year increase. Earnings have consistently beaten estimates, with a 28.51% average surprise. Revenues are expected to reach $1.57 billion, up 13.37%, driven by growth across various segments like fitness, outdoor, marine, aviation, and auto OEM.

Garmin’s expanding portfolio and new product launches, like HRM 200 and Instinct 3, are expected to drive revenue growth in the fitness segment by 16.3%. The outdoor segment is likely to benefit from wearables and services like Garmin Response, with estimated revenue growth of 9.3%. In the marine segment, recent product launches and acquisitions are expected to lead to a 6.9% revenue increase.

The aviation segment is anticipated to see a 5.9% revenue growth, driven by increased demand in private air travel. Auto OEM revenues are expected to increase by 10%, supported by Garmin’s market share expansion. The company’s positive outlook is backed by a strong combination of Earnings ESP and a Zacks Rank of #1, #2, or #3.

Other stocks with potential earnings beats include Qualcomm (QCOM), Meta Platforms (META), and Cognizant Technology Solutions (CTSH). Each company has a unique combination of positive factors, such as Earnings ESP and Zacks Rank, indicating the potential for strong financial performance. Investors can explore these opportunities for potential early price pops and long-term growth.



Read more at Nasdaq: Garmin to Report Q1 Earnings: What’s in Store for the Stock?