Garmin: Q4 Earnings Insights

 

Garmin GRMN reported its Q4 earnings results on Wednesday, February 16, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

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Earnings

Garmin beat estimated earnings by 13.14%, reporting an EPS of $1.55 versus an estimate of $1.37.

Revenue was up $41.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.15, which was followed by a 0.79% drop in the share price the next day.

Here's a look at Garmin's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 1.26 1.26 0.89 1.39
EPS Actual 1.41 1.68 1.18 1.73
Revenue Estimate 1.15B 1.11B 937.68M 1.18B
Revenue Actual 1.19B 1.33B 1.07B 1.35B

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).

Guidance

Garmin management provided guidance for their next quarter, expecting earnings between $5.9 and $5.9 per share for the next quarter.

This represents a 280.65% in quarter-over-quarter growth for Garmin, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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

Posted In: BZI-RecapsEarningsNews