Garmin (GRMN) reported earnings 30 days ago. What's next for the stock?
Garmin's Auto OEM segment is rapidly growing, improving profitability, and poised to benefit from the automotive industry's shift to software-defined vehicles. Garmin's niche focus on fitness smartwatches and premiumization strategy is driving demand, market share gains, and margin expansion in its largest segments. The new Connect+ subscription service creates a recurring revenue stream, supporting Garmin's premiumization and enhancing future growth and profitability.
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.
GRMN's Outdoor segment sales increased 20% in Q1, fueled by targeted product launches and strong demand for adventure wearables.
Garmin (GRMN -9.84%) this morning reported record first-quarter revenue that jumped 11% year over year. Bottom-line profits grew even faster at 13%.
Garmin Ltd. (NYSE:GRMN ) Q1 2025 Earnings Conference Call April 30, 2025 10:30 AM ET Company Participants Teri Seck - Director, IR Cliff Pemble - President & CEO Doug Boessen - CFO & Treasurer Conference Call Participants Joseph Cardoso - J.P.
GRMN's first-quarter 2025 results reflect solid momentum across the Outdoor, Fitness, Aviation, and Marine segments, partially offset by the Auto OEM segment.
Although the revenue and EPS for Garmin (GRMN) give a sense of how its business performed in the quarter ended March 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 $1.61 per share, missing the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.42 per share a year ago.
GRMN's first-quarter 2025 results are likely to benefit from growth in its fitness, marine, aviation, auto OEM and outdoor end markets.
Beyond analysts' top -and-bottom-line estimates for Garmin (GRMN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Garmin Ltd. is set to report Q1 '25 earnings on April 30, with expected EPS of $1.68 (adjusted) and $1.64 (GAAP) on $1.51B in sales. Despite a strong Q4, a sequential sales decline of 17% is anticipated, though yearly growth is projected at 10%. Tariff impacts and reliance on Chinese and Taiwanese supply chains pose risks; management's guidance on these issues is crucial.