GRMN Stock Forecast: Revenue Declines along with share price

GRMN Stock Forecast: The stock is expected to trade between $90.2 and $94.6. The overall recommendation is Hold.

July 29th

GRMN Stock Forecast: Latest Price

GRMN Quotes by TradingView
Stock Name5 Days1 Month6 Months1 Year
GRMN-9.37%-1.00%-21.2%-37.8%

GRMN Stock Forecast: Latest News

  • Garmin is expanding its fitness segment and has now introduced HRM-Pro Plus, equipped with ANT+ and BLUETOOTH Low Energy technology to transmit real-time heart rate data accurately.
  • Garmin introduced Edge Explore 2 and Edge Explore 2 Power Mount Bundle, their GPS cycling computers. This involves high battery life, clearer maps, and traffic data.
  • Garmin has also unveiled a Chartplotter and transducer bundle named LiveScope Plus Ice Fishing Bundle LI for hard-water fishing.

GRMN Stock Forecast: Latest Tweet

Six Figure Syndicate on Twitter: “$GRMN FY 2022 Guidance:Revenue of ~$5B (vs. $5.46B consensus)Pro Forma EPS of $4.90 (vs. $5.90 consensus) based on gross margin of 56.7%Operating margin of 20.0%Effective tax rate of 8.5% / Twitter”

GRMN FY 2022 Guidance:Revenue of ~$5B (vs. $5.46B consensus)Pro Forma EPS of $4.90 (vs. $5.90 consensus) based on gross margin of 56.7%Operating margin of 20.0%Effective tax rate of 8.5%

GRMN Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookNegative
Market Data
Market CapLower
TechnicalBuy
Trading VolumeHigher
Crowd’s Wisdom
Google Search VolumeLower
Social Media SentimentNegative

GRMN Stock Forecast: Last quarter earnings summary

  • For the second quarter of 2022, GRMN recorded a revenue of $1.2 billion which represented a year-over-year decline of 6%
  • The earnings per share were $1.3, lower, as compared to the previous year at $1.6.
  • Cliff Pemble, President, and CEO of Garmin attributed the revenue decline to their underperformance in the fitness segment.
  • A record of more than 25,000  flight deck deliveries was made. Moreover, GRMN entered into a new product category of headsets for professional truck drivers.

GRMN Stock Forecast: Latest Video

Video not available for the day

GRMN Stock Forecast: Price Target

SourceHighLow
WSJ$137$96
CNN$140$96
Nasdaq$208$115

GRMN Stock Forecast: Google Trends

The search volume for GRMN stock is lower compared to yesterday.

GRMN Stock Forecast: Technicals

Technical Analysis for GRMN by TradingView

GRMN Stock Forecast: Social Media sentiments

7 Days24 HoursTrends
Net Sentiments+19.2%+3.4%Lower

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GRMN Stock Forecast

–Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.