Will Garmin (GRMN) Gain on Rising Earnings Estimates?

Core Viewpoint - Garmin (GRMN) shows a promising earnings outlook, with analysts raising earnings estimates, which is likely to positively impact the stock price [1][2]. Earnings Estimate Revisions - Current-quarter earnings are projected at $1.79 per share, reflecting a year-over-year increase of +4.07% [4]. - Over the last 30 days, the Zacks Consensus Estimate for Garmin has risen by 13.26%, with two estimates moving higher and no negative revisions [4]. - For the full year, earnings are expected to be$ 6.47 per share, indicating a +15.74% change from the previous year [5]. - The consensus estimate for the current year has increased by 13.97%, supported by two upward revisions and no negative changes [5]. Zacks Rank and Performance - Garmin currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on the positive earnings revisions [6]. - Stocks with a Zacks Rank 1 have historically outperformed, with an average annual return of +25% since 2008 [3][6]. - The stock has appreciated by 24.1% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [7].