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Garmin Earnings Preview – Garmin (NYSE:GRMN)

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Garmin GRMN is set to give its latest quarterly earnings report on Wednesday, 2023-05-03. Here’s what investors need to know before the announcement.

Analysts estimate that Garmin will report an earnings per share (EPS) of $1.06.

Garmin bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

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Past Earnings Performance

Last quarter the company beat EPS by $0.24, which was followed by a 3.17% increase in the share price the next day.

Here’s a look at Garmin’s past performance and the resulting price change:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.11 1.14 1.41 1.11
EPS Actual 1.35 1.24 1.44 1.11
Price Change % 3.17% 1.27% 4.62% 1.34%
Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.11 1.14 1.41 1.11
EPS Actual 1.35 1.24 1.44 1.11
Price Change % 3.17% 1.27% 4.62% 1.34%

Stock Performance

Shares of Garmin were trading at $98.32 as of May 01. Over the last 52-week period, shares are down 15.24%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for Garmin visit their earnings calendar on our site.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.



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