Garmin (GRMN) Increases Yet Falls Behind Market: What Investors Need to Know

Company Performance - Garmin's stock closed at $208.77, reflecting a +1.04% change from the previous session, underperforming compared to the S&P 500's daily gain of 1.08% [1] - Over the past month, Garmin shares experienced a loss of 3.79%, which is better than the Computer and Technology sector's loss of 13.17% and the S&P 500's loss of 8.26% [1] Upcoming Earnings - Garmin is projected to report earnings of$ 1.62 per share, indicating a year-over-year growth of 14.08%, with revenue expected to reach $1.55 billion, up 11.95% from the prior-year quarter [2] Full-Year Estimates - The full-year Zacks Consensus Estimates for Garmin are earnings of$ 8.25 per share and revenue of $6.87 billion, representing year-over-year changes of +11.64% and +9.09%, respectively [3] Analyst Sentiment - Recent changes to analyst estimates for Garmin reflect evolving short-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [3][4] Zacks Rank - Garmin currently holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate having increased by 2.41% in the past month [5] Valuation Metrics - Garmin's Forward P/E ratio stands at 25.05, which is a premium compared to the industry's average Forward P/E of 19.45 [6] - The company has a PEG ratio of 1.16, which is lower than the Electronics - Miscellaneous Products industry's average PEG ratio of 1.44 [7] Industry Context - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, ranks in the bottom 40% of all industries, with a current Zacks Industry Rank of 152 [8]