Garmin (Nasdaq: GRMN ) is expected to report Q2 earnings on Aug. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Garmin's revenues will grow 1.8% and EPS will grow 4.8%.
The average estimate for revenue is $686.5 million. On the bottom line, the average EPS estimate is $0.66.
Last quarter, Garmin reported revenue of $556.6 million. GAAP reported sales were 9.6% higher than the prior-year quarter's $507.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.45. GAAP EPS of $0.44 for Q1 were 10% lower than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 51.0%, 410 basis points better than the prior-year quarter. Operating margin was 16.2%, 150 basis points better than the prior-year quarter. Net margin was 15.6%, 320 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.79 billion. The average EPS estimate is $2.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 4,354 members out of 4,791 rating the stock outperform, and 437 members rating it underperform. Among 1,069 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 961 give Garmin a green thumbs-up, and 108 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Garmin is hold, with an average price target of $49.50.
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