Garmin Ltd. (GRMN) keeps riding a wave of strong financial performance and demand.
Explore how Garmin's (GRMN) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
After reaching an important support level, Garmin (GRMN) could be a good stock pick from a technical perspective. GRMN surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
Though far from the most highly anticipated report of the ongoing earnings season, Garmin's (NYSE: GRMN) report, posted on October 30, might have turned out to be the most exciting.
GRMN's third-quarter 2024 results reflect the benefit of solid momentum across Outdoor, Fitness, Aviation, Marine and Auto OEM segments.
Garmin is growing incredibly quickly in the watch market.
Shares of Garmin (GRMN) skyrocketed Wednesday, touching record highs, as the navigation and communication equipment maker easily beat profit and sales estimates and offered investors a positive outlook.
Garmin Ltd. (NYSE:GRMN ) Q3 2024 Results Conference Call October 30, 2024 10:30 AM ET Company Participants Teri Seck - Manager, IR Cliff Pemble - President, CEO & Director Doug Boessen - CFO & Treasurer Conference Call Participants Ben Bollin - Cleveland Research Erik Woodring - Morgan Stanley Ivan Feinseth - Tigress Financial Partners Jordan Lyonnais - Bank of America Noah Zatzkin - KeyBanc Capital Markets George Wang - Barclays Operator Thank you for standing by, and welcome to the Garmin Limited Third Quarter 2024 Conference Call.
Garmin surprised investors with a blowout quarter and increased guidance.
While the top- and bottom-line numbers for Garmin (GRMN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Garmin Ltd (NYSE:GRMN) shares rallied over 20% on Wednesday after it hiked guidance on better-than-expected profit and revenue during the third quarter. Net sales climbed by 24% to $1.59 billion in the three months to September, Garmin reported, exceeding LSEG-compiled consensus estimates for $1.44 billion.
Garmin (GRMN) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.41 per share a year ago.