Garmin Ltd. (NASDAQ:GRMN) manufacturer of scientific and technical instruments, is reporting second quarter earnings results on Wednesday 29th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.39 per share.
For the full year, analysts predict revenues of $ 3461.02 million, while looking forward to income of $ 3.49 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,000.00 million ~ $ 4,000.00 million, where as bottomline are predicted in a range of $ 4.60 ~ $ 4.60 per share
Click Here For More Historical Outlooks Of Garmin Ltd.
Previous Quarter Performance
Garmin Ltd. outlined income for the first quarter of $ 0.91 per share, from the revenue of $ 856.11 million. The quarterly earnings escalated 24.66 percent while revenues swell 11.76 percent compared with the same quarter last year.
According to street consensus, GRMN was expected to report 1Q20 income of $ 0.84 per share from revenue of $ 821.47 million. The bottom line results beat street analysts by $ 0.07 or 8.33 percent, at the same time, top line results outshined analysts by $ 34.64 million or 4.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GRMN was $ 99.36, representing a 62.78 % increase from the 52 week low of $ 61.04 and a 5.89 % decrease over the 52 week high of $ 105.58.
The company has a market capital of $ 18.98 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
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Recent Analyst recommendations
- On 8th June 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 101.00 target price.
Conference Call
Garmin Ltd. will be hosting a conference call at 10:30 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.garmin.com
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.
