Garmin (GRMN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Garmin (GRMN) reported earnings 30 days ago. What's next for the stock?
I rate Garmin a buy with a $294 fair value, driven by strong AI investments and the launch of Connect+ subscription services. Garmin's robust product pipeline, especially in wearables, positions it to capitalize on the healthy living trend and expand market share. The company boasts a strong balance sheet, zero debt, and consistent free cash flow, supporting ongoing innovation and shareholder returns.
Garmin (GRMN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, GRMN broke through the 20-day moving average, which suggests a short-term bullish trend.
Garmin (GRMN) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Examine the evolution of Garmin's (GRMN) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Garmin (NYSE: GRMN) has regained attention, although not for the reasons that investors might have anticipated. The GPS technology firm recently announced a significant Q2 earnings beat and elevated its full-year guidance; however, its stock has declined by approximately 5% in the past week.
Does Garmin (GRMN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Garmin Ltd. (NYSE:GRMN ) Q2 2025 Earnings Call July 30, 2025 10:30 AM ET Company Participants Clifton Albert Pemble - President, CEO & Director Douglas Gerard Boessen - CFO & Treasurer Teri Seck - Manager of Investor Relations Conference Call Participants Benjamin James Bollin - Cleveland Research Company LLC Erik William Richard Woodring - Morgan Stanley, Research Division Ivan Philip Feinseth - Tigress Financial Partners LLC, Research Division Jordan J Lyonnais - BofA Securities, Research Division Joseph Nolan - Longbow Research LLC Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division Timothy Patrick Long - Barclays Bank PLC, Research Division Operator Thank you for standing by, and welcome to the Garmin Limited Second Quarter 2025 Earnings Conference Call.
Although the revenue and EPS for Garmin (GRMN) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Garmin (GRMN) came out with quarterly earnings of $2.17 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $1.58 per share a year ago.
GRMN's second-quarter 2025 earnings are expected to be fueled by demand across fitness, outdoor, marine, aviation and auto segments.