In the latest trading session, Garmin (GRMN) closed at $206.03, marking a +1.83% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.47%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.9%.
Heading into today, shares of the maker of personal navigation devices had lost 4.67% over the past month, lagging the Computer and Technology sector's loss of 1.96% and the S&P 500's loss of 0.16%.
Market participants will be closely following the financial results of Garmin in its upcoming release. The company plans to announce its earnings on February 18, 2026. The company's upcoming EPS is projected at $2.39, signifying a 0.83% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.01 billion, showing a 10.43% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.2 per share and revenue of $7.13 billion, indicating changes of +10.96% and +13.28%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Garmin. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Garmin possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Garmin is presently trading at a Forward P/E ratio of 23.08. This represents a discount compared to its industry average Forward P/E of 26.94.
We can also see that GRMN currently has a PEG ratio of 2.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Miscellaneous Products was holding an average PEG ratio of 2 at yesterday's closing price.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 53, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Garmin Ltd. (GRMN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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