Garmin stock closes slightly higher but underperforms market, upcoming earnings are awaited.

From Nasdaq, Inc.: 2024-10-11 18:15:22

Garmin (GRMN) closed at $165.89, up +0.11%, lagging behind S&P 500’s 0.61% gain. In the past month, GRMN shares dropped by 9.33%, while the tech sector rose by 8.6%, and S&P 500 by 5.36%.

Garmin’s upcoming earnings on October 30, 2024, are eagerly awaited. Analysts predict earnings of $1.46 per share, a 3.55% YoY increase. Revenue is expected to reach $1.44 billion, up by 12.99% YoY. Current Zacks Rank for Garmin is #3 (Hold) with 0.45% EPS estimate increase in the last 30 days.

GRMN trades with a Forward P/E of 27.26, higher than the industry average of 17.89. The PEG ratio of 2.85 reflects the stock’s growth potential. Electronics sector PEG ratio averages at 2.15. The sector ranks 166 of over 250 industries by Zacks Industry Rank.

Investors can access Zacks’ stock picks for $1, a limited-time offer. Get insights into top-performing portfolio services, with members seeing double- and triple-digit gains in 2023. Explore Zacks’ recommendations for Garmin and more to stay ahead in trading sessions.



Read more at Nasdaq, Inc.: Garmin (GRMN) Advances But Underperforms Market: Key Facts