- Pro Forma EPS: Garmin’s pro forma earnings per share (EPS) in the second quarter were $2.17, significantly higher than last year’s $1.58 and beating the estimate of $1.88.
- Operating Income: Total operating income rose 38% year-over-year to $472 million, exceeding the estimated $402.8 million.
- Fitness Segment: Fitness operating income showed remarkable growth at $198 million, an 83% increase, surpassing the expected $128.4 million.
- Outdoor Segment: Outdoor operating income reached $158 million, up 16% from the previous year, but slightly below the estimated $173.9 million.
- Marine Segment: Marine operating income increased by 5% to $63 million, marginally beating the estimate of $61.7 million.
- Auto Segment: The auto segment reported a loss of $10 million, greater than the estimated loss of $7.32 million.
- Aviation Segment: Aviation operating profit hit $63 million, higher than the projected $53.7 million.
- Analyst Recommendations: Garmin received 1 buy, 3 hold, and 5 sell recommendations from analysts.
Garmin Ltd on Smartkarma
Top independent analysts on Smartkarma, such as Baptista Research, have been closely covering Garmin Ltd. The recent reports provide valuable insights into Garmin’s performance and future prospects. In a report titled “Garmin Ltd: An Insight Into Its Aviation Segment Growth & Technological Innovation!”, Baptista Research highlighted the company’s robust financial results for the first quarter of 2025. With record revenue of $1.54 billion and significant growth in multiple business segments, Garmin demonstrated a positive trend in its operations, leading to a 12% increase in operating income to $333 million.
Furthermore, Baptista Research‘s report “Garmin Ltd: Is Its Aviation & Wearables Expansion To Capture An Enormous Part Of The Market Share?” delves into Garmin’s expansion strategies in the aviation and wearables market. The company’s strong financial performance in the fourth quarter of 2024, with a 23% year-over-year increase in revenue to $1.82 billion, indicates a promising outlook for Garmin’s market share growth. These analyses provide investors with valuable insights into Garmin’s position in the industry and its potential for future success.
A look at Garmin Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Garmin Ltd, a company renowned for its navigation and communication devices powered by GPS technology, holds promising long-term prospects according to Smartkarma’s Smart Scores. With a strong resilience score of 5, Garmin seems well-equipped to weather uncertainties and market fluctuations. This attribute underscores the company’s ability to adapt and sustain its operations over time. The solid growth score of 4 indicates potential for expansion and development in the future, positioning Garmin as a player in the technology sector that is poised for advancement.
Moreover, Garmin receives a favorable dividend score of 3, suggesting a moderate but stable payout to investors. While its value score of 2 implies that the company may have room for improvement in terms of its current market valuation, the overall picture painted by the Smart Scores showcases Garmin as a company with strong foundations and growth potential within the competitive market of navigation and information products.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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