The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Garmin is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for GRMN's full-year earnings has moved 6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Another Computer and Techn ...

Product Launches and Innovations - Garmin introduced the Panoptix PS22-IF Ice Fishing Bundle, featuring an ECHOMAP UHD2 73sv touchscreen combo and two Panoptix sonar modes for ice fishing, designed to enhance the experience for hardwater anglers [1][7] - The company launched the GPSMAP 16x3 chartplotters, which boast a high-resolution 16-inch touchscreen display with built-in navigation and sonar support, offering superior clarity and sunlight readability [8] - Garmin unveiled the quatix 7 Pro, a next-generation marine smartwatch compatible with Garmin chartplotters, autopilots, and Fusion audio systems, designed for water-based activities [9] - The company expanded its outdoor offerings with the launch of the Approach Z30 laser range finder, aimed at delivering an enhanced experience to golfers [19] Partnerships and Integrations - Garmin partnered with Alphabet's Google to integrate YouTube Music into Garmin IQ Connect smartwatches, allowing users to add playlists and podcasts to their devices [5][13] - The company made advancements in its FltPlan safety management system, updating the Flight Risk Assessment Tool (FRAT) to simplify data input for pilots, strengthening its aviation offerings [10][24] Market and Financial Performance - Garmin's shares have rallied 26 8% year-to-date, outperforming the industry's growth of 17 3% [17] - The company expects 2024 earnings of $5 40 per share, with a consensus estimate of $5 77 per share, indicating a 3 2% rise from the year-ago figure [14] - Garmin anticipates 2024 total revenues of $5 75 billion, with a Zacks Consensus Estimate of $5 90 billion, reflecting year-over-year growth of 12 9% [21] Industry Growth and Opportunities - The global marine electronics market is projected to reach $8 13 billion by 2030, with a CAGR of 5 2% between 2023 and 2030, presenting a solid growth opportunity for Garmin [16] - Garmin is well-positioned to capitalize on the growing marine electronics market through its expanding marine offerings, which are expected to drive its financial performance [3][16][20] Competitive Landscape - Other top-ranked stocks in the technology sector include Apple (AAPL) and Badger Meter (BMI), with Apple shares gaining 20 1% year-to-date and a long-term earnings growth rate of 12 48% [11][22] - Badger Meter shares have gained 27% year-to-date, with a long-term earnings growth rate projected at 15 57% [4]

OLATHE, Kan., July 10, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) released a report today highlighting how cyclists around the world are logging miles and the positive health benefits they're seeing as a result. Whether riding inside or outdoors, data from the Garmin Connect community shows that cycling activities are on the rise—and they don't appear to be slowing down anytime soon. Cycling activities increased 7% while indoor cycling activities rose 12%. Women cyclists took the top spot as the fastest-growi ...

"The addition of another shaft length option to our award-winning Force trolling motor series reinforces our commitment to provide best-in-class trolling motors to all our customers. From bass boats to bay boats, center consoles to multispecies fishing boats, Force remains at the forefront of power and efficiency, and we're pleased to expand our Kraken series with an additional 48-inch size that's perfect for boats with a smaller freeboard." – Dan Bartel, Garmin vice president of global consumer sales Avail ...

MEDIA CONTACT: Carly Hysell 913-397-8200 [email protected] Ultraportable bundle features an industry-first design that eliminates the need for a pole mount "Efficiently locating fish is key to a good day on the ice, and sometimes that means drilling and hopping holes all day. Garmin's new PS22-IF Ice Fishing Bundle answers the call for those anglers, delivering a pole-free live sonar solution – in a lightweight portable bag – that will improve efficiency and scouting capabilities from hole to hole." –Dan Ba ...

"We are so pleased to extend and strengthen our long-standing relationship with these boat builders to include both electronics and audio exclusively from Garmin. From chartplotters and navigation with leading Garmin Navionics+™ mapping to trolling motors, stereos, speakers and more, Garmin offers a robust product portfolio known for quality and innovation—backed by award-winning support—that will continue to benefit our mutual customers now and into the future." –Dan Bartel, Garmin Vice President of Global ...

Garmin (GRMN) closed at $162.92 in the latest trading session, marking a +0.56% move from the prior day. This move outpaced the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.12%, and the techheavy Nasdaq lost 0.71%. Heading into today, shares of the maker of personal navigation devices had lost 0.47% over the past month, lagging the Computer and Technology sector's gain of 6.52% and the S&P 500's gain of 3.53% in that time. Analysts and investors alike will be keeping a close eye on the pe ...

The new cycling computer features improved battery life, superior navigation, performance tracking, cycling awareness and smart connectivity. With the new smart cycling computer, Garmin aims to provide an enhanced riding experience to cyclists. Using Edge 1050, cyclists can receive road hazard alerts reported by fellow cyclists, and check in-ride messaging and leaderboards during group rides. The latest launch has expanded Garmin's offerings for cyclists. The company has been witnessing strong traction amon ...

Garmin is expected to gain solid popularity among golfers on the back of its newly launched laser range finder. This solution, which is compatible with several Garmin adventure smartwatches like GPSMAP 67 series, Montana 700 and Alpha 300 series GPS handhelds and the fenix 7 and epix series, will help the company win more customers in Europe for its Outdoor devices. The Zacks Consensus Estimate for 2024 Outdoor revenues is pegged at $1.84 billion, indicating growth of 8.4% year over year. The company also p ...

What: Garmin Ltd. Second Quarter 2024 Earnings Call Register: Participants in the U.S. and Canada who wish to join by phone, and analysts who wish to participate in the question-and-answer session should join by dialing 1.800.715.9871. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). About Garmin Ltd: INVESTOR CONTACT: Teri Seck Garmin International Inc. Phone | 913/397-8200 E-Mail | [email protected] Where: Join the liv ...