Zacks Research Has Negative Forecast for Garmin Q1 Earnings

Garmin Ltd. (NYSE:GRMN) – Research analysts at Zacks Research lowered their Q1 2026 earnings estimates for shares of Garmin in a report released on Tuesday, October 22nd. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings per share of $1.55 for the quarter, down from their prior estimate of $1.57. The consensus estimate for Garmin’s current full-year earnings is $6.08 per share. Zacks Research also issued estimates for Garmin’s Q3 2026 earnings at $1.64 EPS and FY2026 earnings at $7.00 EPS.

Other analysts have also issued research reports about the stock. Barclays lowered shares of Garmin from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $181.00 to $133.00 in a research note on Friday, September 13th. Morgan Stanley downgraded shares of Garmin from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $155.00 to $138.00 in a research note on Monday, October 7th. StockNews.com downgraded Garmin from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, Tigress Financial boosted their price target on Garmin from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $158.50.

Garmin Stock Performance

Garmin stock opened at $161.57 on Thursday. The firm has a market capitalization of $31.03 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 2.85 and a beta of 0.99. Garmin has a one year low of $99.61 and a one year high of $184.42. The stock’s 50 day moving average price is $173.68 and its 200 day moving average price is $166.11.

Garmin (NYSE:GRMN) last released its quarterly earnings data on Wednesday, July 31st. The scientific and technical instruments company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.40 by $0.18. Garmin had a return on equity of 17.09% and a net margin of 24.36%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $1.45 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year.

Hedge Funds Weigh In On Garmin

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. bought a new position in Garmin during the 2nd quarter worth $31,000. Clearstead Trust LLC acquired a new stake in shares of Garmin in the 1st quarter worth about $30,000. Family Firm Inc. bought a new stake in Garmin in the 2nd quarter valued at about $35,000. Benjamin Edwards Inc. boosted its stake in Garmin by 73.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 234 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 99 shares during the period. Finally, Headlands Technologies LLC bought a new position in Garmin in the 2nd quarter worth about $46,000. 73.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Cheng-Wei Wang sold 10,055 shares of Garmin stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $177.16, for a total value of $1,781,343.80. Following the completion of the transaction, the insider now directly owns 40,965 shares in the company, valued at approximately $7,257,359.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Garmin news, Director Philip Straub sold 2,750 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $181.46, for a total transaction of $499,015.00. Following the completion of the sale, the director now owns 88,622 shares in the company, valued at $16,081,348.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cheng-Wei Wang sold 10,055 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $177.16, for a total transaction of $1,781,343.80. Following the sale, the insider now directly owns 40,965 shares of the company’s stock, valued at approximately $7,257,359.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,892 shares of company stock worth $2,296,174. 19.54% of the stock is currently owned by corporate insiders.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.