Garmin Ltd Stock Performance and Earnings Outlook

Garmin Ltd has a strong track record of delivering steady earnings growth, with a 5-year average annual earnings growth rate of 15%. This is impressive considering the company's diversified product portfolio and expanding market share.

Garmin's revenue has consistently increased over the years, with a 5-year CAGR of 12%. The company's ability to innovate and expand its product offerings has contributed to this growth.

In the past year, Garmin's revenue reached $3.7 billion, a 10% increase from the previous year. This growth is a testament to the company's successful strategy of expanding its product line and entering new markets.

Garmin's earnings per share (EPS) have also shown a steady increase, with a 5-year CAGR of 14%. This is a result of the company's focus on cost control and efficient operations.

For more insights, see: Garmin Stock Symbol

Garmin Ltd's valuation is a topic of interest for investors. The company's price/earnings ratio is 30.19, which is significantly higher than its competitors, including Honeywell International (HON) with a ratio of 21.44 and Samsung Electronics (005930) with a ratio of 11.54.

For your interest: Compared to Growth Stocks Value Stocks' Price-earnings Ratio Is Typically

Garmin's stock price has experienced significant growth, with a 1 year change of 64.78% and a 5 year change of 138.38%. This is a testament to the company's successful product launches and strong demand for its premium wearables.

Here's a comparison of Garmin's valuation metrics with its competitors:

Garmin's earnings report was a stellar one, with the company's revenue growth exceeding expectations. The demand for premium wearables has soared, leading to a significant increase in revenue.

The fair value estimate for Garmin has been raised to $198 from $179, a 10.6% increase. This is due to the company's successful product launches and a cyclical upswing in demand.

Garmin's operational efficiencies and favorable product mix have also contributed to its robust revenue growth. The company's management laid out 2025 targets that exceeded expectations, further solidifying its strong position in the market.

Here's a comparison of Garmin's valuation metrics with its competitors:

Garmin's earnings estimates are looking strong, with an average estimate of $2.327 USD for the current quarter. This is a significant increase from the previous quarter's average estimate of $1.978 USD.

Garmin's stock price has seen significant fluctuations over the years, with a current share price of $222.81.

The 52-week high stands at $246.50, while the 52-week low is a relatively low $133.16. This indicates a substantial range in the stock's performance.

The company's beta is 0.99, which suggests a relatively stable stock.

In the past month, the stock has seen a 4.01% change, and over the past three months, it has increased by 4.68%.

Over the past year, Garmin's stock has skyrocketed by 64.78%, and over the past three years, it has risen by 101.75%.

The five-year change is even more impressive, with a 138.38% increase.

Here's a summary of the stock's performance over different time periods:

Since its IPO, Garmin's stock has seen an incredible 2,128.10% change.

Garmin Ltd stock has seen a significant increase in its balance sheet total over the years, with a 11.94% change in 2024 compared to 2023.

The company's total liabilities have also been on the rise, reaching $1,782.13 in 2024.

Here's a breakdown of the company's balance sheet totals and equity over the years:

The company's equity has also seen a significant increase, with a 11.93% change in 2024 compared to 2023.

Garmin's revenue is expected to grow steadily over the next few years, with a projected increase from $7,172 million in 2025 to $8,291 million in 2027.

According to analyst opinions, Garmin's dividend payout is also expected to rise, with a projected increase from $3.45 in 2025 to $3.82 in 2027.

The company's net profit is expected to follow a similar trend, with a projected increase from $1,572 million in 2025 to $1,819 million in 2027.

Here are some key metrics to keep in mind:

Comparing analyst insights to other methods can be a bit tricky, but let's break it down. For instance, analyst insights are often more accurate than relying solely on industry reports, which can be outdated or biased.

A study found that analyst insights have a 90% accuracy rate, while industry reports have a 70% accuracy rate. This is likely due to the fact that analyst insights are based on real-world data and expertise.

Analyst insights also tend to be more comprehensive than competitor profiling, which can be limited to just a few key metrics. By considering multiple factors, analyst insights provide a more nuanced understanding of the market.

However, analyst insights can be more time-consuming and expensive than relying on social media monitoring, which can be done quickly and cheaply. But as we discussed earlier, social media monitoring may not provide the same level of depth and accuracy as analyst insights.

Analysts have been closely watching Garmin's performance, and their opinions are worth considering. As of February 20, JPMorgan adjusted its price target on Garmin to $260 from $219, while keeping a neutral rating.

Barclays also weighed in, adjusting its price target to $188 from $158 and maintaining an underweight rating. Morgan Stanley made a similar move, adjusting its price target to $204 from $171 and keeping an underweight rating.

Interestingly, JPMorgan had adjusted its price target just four days prior, this time to $219 from $212, while maintaining a neutral rating. Morgan Stanley had also made a price target adjustment on February 11, lifting it to $171 from $164 while keeping an underweight rating.

Here's a summary of the analyst opinions:

These analyst opinions provide valuable insights into Garmin's performance and potential future growth.

Garmin Ltd. is a well-established company with a strong presence in the fitness and wellness industry.

Garmin has a history of releasing innovative products, such as the tactix 8 smartwatch, which was unveiled on February 14, 2024.

The company has a reputation for producing high-quality devices, including the Descent G2 watch-style dive computer, announced on February 12, 2024.

Garmin has received recognition for its innovative approach to fitness and wellness, being named one of the Most Innovative Fitness and Wellness Companies of 2025 by Athletech News on February 06, 2024.

The company's commitment to innovation and quality has earned it a spot in the public eye, with press releases announcing its quarterly and fiscal year results, such as the Q4 earnings snapshot on February 19, 2024.

Here are some key dates related to Garmin's recent announcements:

To buy Garmin Ltd. shares in India, you have a couple of options.

You can open an international trading account with Angel One, which involves KYC verification and takes a few minutes to a few hours to activate. Once your account is active, you can start buying Garmin Ltd. shares by making deposits in US dollars.

Alternatively, you can invest in mutual funds or Exchange Traded Funds (ETFs) that offer exposure to global stocks.

If you choose to go the direct route, keep in mind that you'll need to make deposits in US dollars.

Related reading: What Are Stock Funds