Garmin to Report Q4 Earnings: What's in Store for the Stock?

Garmin GRMN is scheduled to report fourth-quarter 2024 results before market open on Feb. 19.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for Garmin’s fourth-quarter 2024 earnings is pegged at $1.89 per share, implying a year-over-year increase of 9.88%.Garmin’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 28.51%.The Zacks Consensus Estimate for Garmin’s fourth-quarter 2024 revenues is pegged at $1.68 billion, suggesting year-over-year growth of 13.42%.Let’s see how things have shaped up for this announcement.Garmin Ltd. Price and EPS Surprise Garmin Ltd. price-eps-surprise | Garmin Ltd. QuoteKey Factors to Note for GarminGarmin’s expanding portfolio is expected to have been the key catalyst for its top-line growth in the fourth quarter of 2024.In the fitness segment, strong demand for advanced wearables and its robust lineup of recently introduced wellness products like HRM 200, Descent G2, Approach G20 Solar, Approach S44 and S50, Instinct 3 and Lily 2 Active are expected to have aided its revenue growth in the quarter under review.The Zacks Consensus Estimate for the Fitness segment is pegged at $438.7 million, indicating 6.5% year-over-year growth.Strong momentum across its wearables offerings and inReach SOS service, Garmin Response, is expected to have positively impacted the Outdoor segment’s performance in the to-be-reported quarter. Latest launches, including the tactix 8 smartwatch, Montana handheld GPS, Descent X50i and Approach R50, are expected to have brought in more customers, driving revenues further.The consensus estimate for Outdoor revenues is pegged at $544.1 million, suggesting growth of 11.9% year over year.Strength in the Marine segment, driven by its JL Audio business and its robust portfolio of newly launched products like APK 10 Autopilot Keypad, Fusion Apollo Marine Speakers and SERV+ display, is likely to have boosted the company’s performance in the fourth quarter. Moreover, the acquisition of Lumishore, a provider of marine LED lighting, is expected to have added market share and also contributed to GRMN’s top line in the to-be-reported quarter.The consensus estimate for Marine revenues is pinned at $248.7 million, up 3.7% from the figure reported in the year-ago quarter.Growing momentum across OEM equipment categories, driven by increased demand in private air travel, is expected to have bolstered the Aviation segment’s performance in the to-be-reported quarter.The consensus mark for Aviation revenues is pegged at $219.6 million, indicating year-over-year growth of 1.1%.The company’s expanding market share and customer base for domain controllers, owing to its increased shipments to BMW, is likely to have boosted Auto OEM revenues during the fourth quarter.The consensus mark for Auto OEM revenues is pegged at $194.7 million, indicating 53.3% year-over-year growth.However, sluggishness in the personal navigation device market is expected to have been a headwind for the company.Rising macroeconomic uncertainties and persistent inflationary pressure might have been major concerns.What Our Model Says About GRMNOur proven model does not conclusively predict an earnings beat for GRMN this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.Though GRMN currently carries a Zacks Rank #2, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks With Favorable CombinationAdvance Auto Parts AAP, Autohome ATHM and Accenture ACN are some stocks that have a favorable combination.Advance Auto Parts has an Earnings ESP of +1.07% and a Zacks Rank #3 at present. AAP shares have plunged 25.8% in the trailing 12-month period. AAP is set to report its fourth-quarter 2024 results on Feb. 26. You can see the complete list of today’s Zacks #1 Rank stocks here.Autohome has an Earnings ESP of +7.27% and sports a Zacks Rank #2 at present. ATHM shares have rallied 10.8% in the trailing 12-month period. ATHM is slated to report its fourth-quarter 2024 results on Feb. 20.Accenture has an Earnings ESP of +12.16% and a Zacks Rank #3 at present. ACN shares have gained 5.1% in the trailing 12-month period. ACN is scheduled to report its second-quarter fiscal 2025 results on Feb. 20.Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accenture PLC (ACN): Free Stock Analysis Report Garmin Ltd. (GRMN): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Autohome Inc. (ATHM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks