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Garmin (GRMN) Earnings Date, Estimates & Call Transcripts

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$211.96 -0.89 (-0.42%)
(As of 11/27/2024 ET)

Garmin Latest Earnings Summary

Upcoming Q4
Earnings Date
Feb. 19Estimated
Actual EPS
(Oct. 30)
$1.99 Beat By $0.53
Consensus EPS
(Oct. 30)
$1.46

Garmin released Q3 2024 earnings on October 30, 2024, reporting an EPS of $1.99, which topped the consensus estimate of $1.46 by $0.53. Quarterly revenue rose 24.1% year-over-year to $1.59 billion, above the consensus estimate of $1.44 billion. With a trailing EPS of $7.88 and a P/E Ratio of 26.90, Garmin's earnings are expected to grow 9.27% next year, from $7.01 to $7.66 per share.

GRMN Upcoming Earnings

Garmin's next earnings date is estimated for Wednesday, February 19, 2025, based off prior year's reporting schedules.

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GRMN Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

GRMN Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Garmin Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateCompany Guidance
Q1 20242$0.94$0.99$0.97 
Q2 20242$1.30$1.55$1.43 
Q3 20242$1.42$1.50$1.46 
Q4 20242$1.56$1.58$1.57 
FY 20248$5.22$5.62$5.42 
Q1 20251$1.38$1.38$1.38 
Q2 20251$1.66$1.66$1.66 
Q3 20251$1.65$1.65$1.65 
Q4 20251$2.06$2.06$2.06 
FY 20254$6.75$6.75$6.75 
Q1 20261$1.51$1.51$1.51 
Q2 20261$1.67$1.67$1.67 
Q3 20261$1.64$1.64$1.64 

Garmin Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueLinks
2/19/2025
(Estimated)
------- 
10/30/2024Q3 2024$1.46$1.99+$0.53$1.91$1.44B$1.59B        
7/31/2024Q2 2024$1.40$1.58+$0.18$1.60$1.42B$1.51B        
5/1/2024Q1 2024$1.00$1.42+$0.42$1.41$1.25B$1.38B        
2/21/2024Q4 2023$1.40$1.72+$0.32$0.62$1.41B$1.48B        
11/1/2023Q3 2023$1.29$1.41+$0.12$1.48$1.21B$1.28B        
8/2/2023Q2 2023$1.43$1.45+$0.02$1.40$1.26B$1.32B        
5/3/2023Q1 2023$1.00$1.02+$0.02$0.99$1.09B$1.15B        
2/22/2023Q4 2022$1.14$1.35+$0.21$1.17$1.32B$1.31B        

Garmin Earnings - Frequently Asked Questions

Garmin has not confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, February 19th, 2025 based off last year's report dates. Learn more on GRMN's earnings history.

Garmin updated its FY24 earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $6.85 for the period, compared to the consensus estimate of $6.10. The company issued revenue guidance of $6.12 billion, compared to the consensus revenue estimate of $5.98 billion.

In the previous quarter, Garmin (NYSE:GRMN) reported $1.99 earnings per share (EPS) to beat the analysts' consensus estimate of $1.46 by $0.53. Learn more on analysts' earnings estimate vs. GRMN's actual earnings.

The conference call for Garmin's latest earnings report can be listened to online.
Listen to Conference Call

The conference call transcript for Garmin's latest earnings report can be read online.
Read Transcript

Garmin (NYSE:GRMN) has a recorded annual revenue of $5.23 billion.

Garmin (NYSE:GRMN) has a recorded net income of $1.29 billion. GRMN has generated $7.88 earnings per share over the last four quarters.

Garmin (NYSE:GRMN) has a trailing price-to-earnings ratio of 26.83 and a forward price-to-earnings ratio of 30.16. The price/earnings-to-growth ratio is 1.42.

Garmin's earnings are expected to grow from $7.01 per share to $7.66 per share in the next year, which is a 9.27% increase.

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This page (NYSE:GRMN) was last updated on 11/27/2024 by MarketBeat.com Staff
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