In the latest trading session, Garmin (GRMN) closed at $232.00, marking a +1.88% move from the previous day. This change outpaced the S&P 500's 0.78% gain on the day. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 0.61%.
The stock of maker of personal navigation devices has risen by 11.03% in the past month, leading the Computer and Technology sector's gain of 8.76% and the S&P 500's gain of 5.88%.
The investment community will be paying close attention to the earnings performance of Garmin in its upcoming release. The company is slated to reveal its earnings on July 30, 2025. The company's upcoming EPS is projected at $1.96, signifying a 24.05% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.74 billion, indicating a 15.35% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.03 per share and a revenue of $6.85 billion, signifying shifts of +8.66% and +8.72%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Garmin. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.47% higher within the past month. Garmin currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Garmin currently has a Forward P/E ratio of 28.36. For comparison, its industry has an average Forward P/E of 19.15, which means Garmin is trading at a premium to the group.
Also, we should mention that GRMN has a PEG ratio of 2.54. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Electronics – Miscellaneous Products industry had an average PEG ratio of 1.73.
