From Nasdaq: 2024-06-21 18:15:21

In the latest market close, Garmin (GRMN) reached $161.45, a +0.93% movement compared to the previous day, outpacing the S&P 500’s loss. The maker of personal navigation devices’ stock has dropped by 1.7% in the past month, below the sector and S&P 500 gains.

Garmin is expected to report EPS of $1.45 and revenue of $1.48 billion, unchanged and up 11.95% from the prior year, respectively. Analyst estimates revisions, integrated into the Zacks Rank system, indicate a favorable outlook on the company’s performance, with a current rating of Strong Buy.

With a Forward P/E ratio of 27.71 and a PEG ratio of 3.45, Garmin is trading at a premium compared to industry averages. The Electronics – Miscellaneous Products industry, part of the bottom 25% of the Computer and Technology sector, has room for growth. Stay updated on stock metrics through Zacks.com.

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Read more at Nasdaq: Why the Market Dipped But Garmin (GRMN) Gained Today