In the latest trading session, Garmin (GRMN) closed at $244.79, marking a -1.91% move from the previous day. This change lagged the S&P 500's 0.19% loss on the day. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.05%.
The maker of personal navigation devices's stock has climbed by 6.56% in the past month, exceeding the Computer and Technology sector's loss of 4.32% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Garmin in its forthcoming earnings report. The company is scheduled to release its earnings on July 29, 2026. The company is expected to report EPS of $2.27, up 4.61% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.93 billion, indicating a 6.41% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.53 per share and revenue of $7.98 billion, indicating changes of +11.33% and +10.12%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Garmin. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Garmin presently features a Zacks Rank of #3 (Hold).
Investors should also note Garmin's current valuation metrics, including its Forward P/E ratio of 26.18. This represents a premium compared to its industry average Forward P/E of 25.25.
We can additionally observe that GRMN currently boasts a PEG ratio of 2.95. 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. The Electronics - Miscellaneous Products industry currently had an average PEG ratio of 1.66 as of yesterday's close.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Garmin Ltd. (GRMN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).