In the latest close session, Garmin (GRMN) was down 1.3% at $290.23. The stock's change was less than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Shares of the maker of personal navigation devices have appreciated by 3.5% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.58%, and outperforming the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of Garmin in its upcoming earnings disclosure. The company's earnings report is set to be unveiled 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. Simultaneously, our latest consensus estimate expects the revenue to be $1.99 billion, showing a 12.32% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.08 per share and a revenue of $8.09 billion, representing changes of +17.76% and +11.7%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Garmin. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 remained stagnant. Garmin is currently sporting a Zacks Rank of #2 (Buy).
From a valuation perspective, Garmin is currently exchanging hands at a Forward P/E ratio of 29.19. Its industry sports an average Forward P/E of 20.44, so one might conclude that Garmin is trading at a premium comparatively.
We can additionally observe that GRMN currently boasts a PEG ratio of 3.29. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Miscellaneous Products industry had an average PEG ratio of 1.38 as trading concluded yesterday.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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).