The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Garmin's revenues will drop -7.3% and EPS will decrease -33.7%.
The average estimate for revenue is $665.8 million. On the bottom line, the average EPS estimate is $0.65.
Last quarter, Garmin reported revenue of $532.0 million. GAAP reported sales were 4.4% lower than the prior-year quarter's $556.6 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 $0.40. GAAP EPS of $0.45 for Q1 were 2.3% higher than the prior-year quarter's $0.44 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 51.9%, 90 basis points better than the prior-year quarter. Operating margin was 15.0%, 120 basis points worse than the prior-year quarter. Net margin was 16.7%, 110 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.55 billion. The average EPS estimate is $2.36.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 4,293 members out of 4,736 rating the stock outperform, and 443 members rating it underperform. Among 987 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 899 give Garmin a green thumbs-up, and 88 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Garmin is outperform, with an average price target of $40.00.
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