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Garmin (GRMN) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-01 22:35
For the quarter ended March 2024, Garmin (GRMN) reported revenue of $1.38 billion, up 20.4% over the same period last year. EPS came in at $1.42, compared to $1.02 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of +11.63%. The company delivered an EPS surprise of +42.00%, with the consensus EPS estimate being $1.00. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...
Garmin (GRMN) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-01 21:15
Garmin (GRMN) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 42%. A quarter ago, it was expected that this maker of personal navigation devices would post earnings of $1.40 per share when it actually produced earnings of $1.72, delivering a surprise of 22.86%. Over the last four quart ...
Garmin(GRMN) - 2024 Q1 - Quarterly Results
2024-05-01 19:00
EXHIBIT 99.1 Garmin announces first quarter 2024 results Company reports record first quarter revenue and operating income Schaffhausen, Switzerland / May 1, 2024 / PR Newswire – Garmin® Ltd. (NYSE: GRMN), today announced results for the first quarter ended March 30, 2024. Highlights for first quarter 2024 include: • Consolidated revenue of $1.38 billion, a 20% increase compared to the prior year quarter • Achieved record first quarter revenue in four segments • Gross margin and operating margins expanded t ...
SNX or GRMN: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-04-30 00:45
Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either TD SYNNEX (SNX) or Garmin (GRMN) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on ea ...
Garmin (GRMN) Expands European Footprint With Outdoor Maps+
Zacks Investment Research· 2024-04-19 23:16
Garmin (GRMN) recently extended its mapping solution offering, namely, Outdoor Maps+, to several European countries. Outdoor Maps+ allows users to access globally available TOPO Pro Mapping content, including roads and trails, points of interest and contour lines, among others, with an annual purchase plan of $49.99. The mapping solution is compatible across several Garmin adventure smartwatches, including GPSMAP 67 series, Montana 700 and Alpha 300 series GPS handhelds and fenix 7 and epix series. This sol ...
Garmin (GRMN) Solidifies Aviation Footprint Across Europe
Zacks Investment Research· 2024-04-18 00:31
Garmin (GRMN) recently expanded its Garmin Navigation Database coverage to Europe, enabling European customers to integrate the latest aviation navigation information into their Garmin avionics products seamlessly. The database also offers comprehensive GPS navigation information for European travelers, including single updates, annual bundle options and OnePak subscriptions. Garmin Navigation Database offers coverage in 35 countries and over 3,400 airports, providing en route and airspace data, instrument ...
Garmin expands avionics database solutions for Europe
Prnewswire· 2024-04-15 19:00
Garmin Navigation Database扩展 - Garmin公司宣布扩展了Garmin Navigation Database的覆盖范围,现在包括欧洲[1] - Garmin Navigation Database为欧洲客户提供了新的经济实惠的购买数据库更新的方式[2] - Garmin Navigation Database为欧洲提供了基础信息,覆盖超过35个国家和3400多个机场[3] Europe OnePak订阅服务推出 - Garmin推出了Europe OnePak订阅服务,为配备Garmin集成飞行甲板或多个Garmin航空电子设备的飞行员提供显着的节省[5]
Garmin announces General Counsel transition
Prnewswire· 2024-04-08 20:00
Etkind joined Garmin in 1998 as the company's first General Counsel. He was a key contributor in Garmin's initial public offering and has developed a strong global in-house legal team with expertise in a broad range of legal and business matters including intellectual property, litigation, compliance, contract negotiation, mergers and acquisitions, and corporate governance. Since joining Garmin in 2006, Maxfield has held roles with increasing responsibilities and is currently serving as an Associate General ...
Why Is Garmin (GRMN) Up 10.6% Since Last Earnings Report?
Zacks Investment Research· 2024-03-23 00:36
A month has gone by since the last earnings report for Garmin (GRMN) . Shares have added about 10.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Garmin due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Garmin's Q4 Earnings & Sales Beat Estimates, Up Y/Y Garmin ...
Garmin (GRMN) to Upgrade CJ2 With Robust Aviation Solutions
Zacks Investment Research· 2024-03-22 01:56
Garmin宣布获得FAA认证 - Garmin宣布将获得美国联邦航空管理局的补充型号认证,升级Cessna的Citation CJ2驾驶舱[1] 新飞行显示器和导航仪介绍 - Garmin的飞行显示器G600 TXi、导航仪GTN Xi和数字自动驾驶仪GFC 600将取代CJ2的传统飞行系统[2] - G600 TXi飞行显示器具有触摸屏界面,提供先进的主要飞行显示和多功能显示功能[3] - GTN Xi导航仪将通过GPS/NAV/COMM功能增强轻型喷气机的飞行计划,使飞行员能够创建保持航线、可视化飞行计划和查看航路段[4]