Garmin Stock Jumps 1.83% Ahead of Feb. 18 Earnings with 10.4% Revenue Growth Forecast
Garmin shares rose 1.83% to close at $206.03, outperforming the S&P 500’s 0.47% gain, after a 4.67% monthly decline that trailed its sector’s 1.96% loss. The company is set to report February 18 earnings with expected Q4 EPS of $2.39 (-0.83% YOY) and revenue of $2.01 billion (+10.43% YOY).
1. Market Outperformance and Recent Trends
In the latest session Garmin shares climbed 1.83% to $206.03, outperforming the S&P 500’s 0.47% advance, the Dow’s 0.04% rise and the Nasdaq’s 0.9% gain. Over the past month the stock fell 4.67%, lagging the Computer and Technology sector’s 1.96% decline and the S&P 500’s 0.16% drop.
2. Q4 Earnings Projections
Garmin will release fourth-quarter results on February 18, with analysts forecasting EPS of $2.39, down 0.83% year-over-year, and revenue of $2.01 billion, up 10.43% year-over-year. Full-year consensus calls for $8.20 in EPS (+10.96%) on $7.13 billion in revenue (+13.28%).
3. Valuation Metrics and Analyst Rankings
The stock trades at a forward P/E of 23.08 versus the industry average of 26.94 and has a PEG ratio of 2.14 against a sector average of 2.00. Garmin holds a Zacks Rank of 3 (Hold) and its industry ranks in the top 22% by Zacks Industry Rank, reflecting mixed analyst sentiment and valuation appeal.