Garmin (GRMN) ended the recent trading session at $279.72, demonstrating a +1.2% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1.88%.
Prior to today's trading, shares of the maker of personal navigation devices had lost 0.92% lagged the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Garmin in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company is predicted to post an EPS of $2.38, indicating a 19.6% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.99 billion, indicating a 12.32% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.08 per share and revenue of $8.09 billion, indicating changes of +17.76% and +11.7%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Garmin. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Garmin is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Garmin is currently being traded at a Forward P/E ratio of 27.43. This represents a premium compared to its industry average Forward P/E of 20.04.
It's also important to note that GRMN currently trades at a PEG ratio of 3.09. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.26.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GRMN in the coming trading sessions, be sure to utilize Zacks.com.
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Garmin Ltd. (GRMN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).