Recap: Garmin Q3 Earnings

Shares of Garmin GRMN remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share rose 24.41% over the past year to $1.58, which beat the estimate of $0.99.

Revenue of $1,109,000,000 up by 18.69% from the same period last year, which beat the estimate of $893,580,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $4.70 and $4.70.

The upcoming fiscal year's revenue expected to be between $4,000,000,000 and $4,000,000,000.

Conference Call Details

Date: Oct 28, 2020

Time: 10:30 AM

ET Webcast URL: https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.garmin.com%2Fen-US%2Fcompany%2Finvestors%2Fevents%2F&esheet=52301787&newsitemid=20201007005148&lan=en-US&anchor=http%3A%2F%2Fwww.garmin.com%2Fen-US%2Fcompany%2Finvestors%2Fevents%2F&index=1&md5=8c2b0f975fb389a82540bd36498e8fa2

Recent Stock Performance

52-week high: $106.00

52-week low: $61.04

Price action over last quarter: down 1.40%

Company Profile

Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.