Garmin: Analysts’ Expectations in Q1

Garmin (GRMN) is scheduled to announce its first-quarter earnings on May 1. Analysts expect the company to post sales of $731 million in the first quarter—a rise of 5.1% YoY (year-over-year) compared to its sales of $711 million in the first quarter of 2018.

Garmin’s non-GAAP EPS is expected to rise 4.4% YoY from $0.68 in the first quarter of 2018 to $0.71 in the first quarter.

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Garmin has beaten analysts’ earnings estimates in the last four quarters. The company posted an EPS of $1.02 in the fourth quarter of 2018—27.5% higher than analysts’ estimate of $0.8. Garmin posted an EPS of $1.00 in the third quarter of 2018—31.6% higher than the estimate of $0.76.

As you can see in the above chart, Garmin beat its second-quarter earnings estimate of $0.87 and reported earnings of $0.99. The company beat analysts’ consensus earnings estimate of $0.56 in the first quarter of 2018 and reported an EPS of $0.68.

Driven by Garmin’s higher earnings in the last four quarters, the stock has had a stellar run in the last 12 months. Garmin shares have risen more than 44% from $59.92 in April 2018 to $86.53, which was its closing price on April 18.