Garmin (GRMN) reported $1.59 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 24.2%. EPS of $1.99 for the same period compares to $1.41 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of +9.81%. The company delivered an EPS surprise of +36.30%, with the consensus EPS estimate being $1.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...

文章核心观点 - 公司第三季度业绩超出市场预期,每股收益为1.99美元,超出共识预期1.46美元,同比增长41% [1] - 公司第三季度收入为15.9亿美元,超出共识预期9.81%,同比增长24.2% [2] - 公司连续4个季度超出共识收益和收入预期 [2] - 公司股价今年以来上涨29.4%,超过标普500指数22.3%的涨幅 [3] 行业和公司分析 行业分析 - 公司所属电子-综合产品行业目前在250多个扎克斯行业中排名前28% [8] - 扎克斯研究显示,排名前50%的行业相比排名后50%的行业,业绩表现会好2倍以上 [8] 公司分析 - 公司未来业绩表现主要取决于管理层在财报电话会议上的评论 [3] - 分析师对公司未来几个季度和本财年的盈利预期有分歧,目前为持有评级 [6][7] - 同行Greenland Technologies Holding Corporation第三季度预计每股收益为0.01美元,同比增长114.3%,收入预计为2400万美元,同比增长9.9% [9]

EXHIBIT 99.1 Garmin announces third quarter 2024 results Company reports record third quarter consolidated revenue and operating income, and raises full year guidance // Schaffhausen, Switzerland / October 30, 2024 / PR Newswire – Garmin ® Ltd. (NYSE: GRMN), today announced results for the third quarter ended September 28, 2024. Highlights for third quarter 2024 include: • Consolidated revenue of $1.59 billion, a 24% increase compared to the prior year quarter • Gross and operating margins expanded to 60.0% ...

公司业绩亮眼 - 公司第三季度合并收入和营业利润创历史新高,并上调全年指引 [1][2] - 各业务板块收入均实现两位数增长,其中健身、户外和汽车OEM板块增速最快 [2][22][23] - 毛利率和营业利润率分别达到60%和27.6%,较去年同期大幅提升 [2] - 每股收益(GAAP)为2.07美元,每股收益(非GAAP)为1.99美元,同比增长41% [2] 产品创新亮点 - 推出了备受期待的fēnix 8系列和Enduro 3户外运动手表,进一步丰富了产品线 [5] - 推出了Runway Occupancy Awareness航空安全功能,成为业内首家推出此功能的公司 [6] - 推出了Fusion Apollo系列海事音响和GC 245/55海事摄像头等新产品,持续提升海事业务实力 [7] - 完成了对Lumishore海事LED照明公司的收购,进一步拓展海事业务 [7] 行业地位持续提升 - 连续10年获得国家海事电子协会颁发的"年度制造商"称号,并获得6项产品卓越奖 [1] - 连续两年被Soundings Trade Only杂志评为"最具创新力的海事公司" [1] - 公司创始人Min Kao博士和Gary Burrell先生被纳入国家航空航天名人堂 [1] 财务状况稳健 - 经营活动产生的现金流为2.59亿美元,自由现金流为2.19亿美元 [11] - 截至9月28日,现金及有价证券余额约35亿美元 [11] - 董事会宣布每股派发0.75美元的季度股息,全年共计3美元 [14]

Wall Street analysts expect Garmin (GRMN) to post quarterly earnings of $1.46 per share in its upcoming report, which indicates a year-over-year increase of 3.6%. Revenues are expected to be $1.44 billion, up 13% from the year-ago quarter. Over the last 30 days, there has been an upward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Pri ...

The market expects Garmin (GRMN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are ...

Garmin (GRMN) expands its Aviation segment with the introduction of G3000 PRIME, a modern integrated flight deck offering an all-touchscreen display and highly flexible open system architecture, facilitating a seamless and unmatched cockpit experience. With a highly developed user interface design and advanced connectivity, G3000 PRIME leverages the latest technologies to enhance safety, potential and efficiency while minimizing pilot workload in every phase of flight. G3000 PRIME comes with a broad 14-inch ...

文章核心观点 - 公司推出了最新的G3000 PRIME集成式飞行舱系统 [1][2] - G3000 PRIME采用了全新的触控界面设计,具有更大的显示屏、更强的处理能力和更快的连接速度 [3][4][5][6] - G3000 PRIME提供了多种先进的自动化和安全增强功能,如自动着陆系统、智能滑翔等 [11][12] - G3000 PRIME支持广泛的连接选项,可与多种系统实现无缝集成 [13] 关键要点总结 硬件升级 - 采用14英寸全触控主显示单元和7英寸触控辅助显示单元,显示效果和交互性大幅提升 [3][4] - 采用更强大的多核处理器,提升了系统的运算能力和响应速度 [3] - 提高了显示刷新率,呈现更流畅的动画效果 [3] 人机交互 - 支持多点触控,可同时由飞行员和副驾驶进行操作 [5] - 提供手势稳定功能,方便飞行员精确操控 [5] - 采用直观的图标和菜单设计,提高了操作便捷性 [6] - 支持物理控制设备和HOTAS控制器 [5] 自动化和安全功能 - 集成了自动着陆、智能滑翔等先进的安全增强技术 [11] - 提供智能检查单和与警示系统联动的功能 [10] - 增加了跑道占用警示、跑道越界警示等终端区域安全功能 [12] 连接和集成 - 支持Wi-Fi、蜂窝网络、蓝牙等多种连接方式 [13] - 可与Garmin Pilot应用程序实现远程监控和数据同步 [13] - 支持数据链通信功能,提高了飞行效率 [13]

Investors might want to bet on Garmin (GRMN) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual investors ...