Garmin Ltd. (NASDAQ:GRMN) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GRMN to report 3Q20 income of $ 0.99 per share.
For the full year, analysts anticipate top line of $ 3739.22 million, while looking forward to income of $ 4.10 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,000.00 million ~ $ 4,000.00 million, where as bottomline are predicted in a range of $ 4.60 ~ $ 4.60 per share
Click Here For More Historical Outlooks Of Garmin Ltd.
Previous Quarter Performance
Garmin Ltd. reported income for the second quarter of $ 0.91 per share, from the revenue of $ 869.87 million. The quarterly earnings shrunk 21.55 percent while revenues decreased 6.43 percent compared with the same quarter last year.
According to street consensus, GRMN was expected to report 2Q20 income of $ 0.39 per share from revenue of $ 658.82 million. The bottom line results beat street analysts by $ 0.52 or 133.33 percent, at the same time, top line results outshined analysts by $ 211.05 million or 32.03 percent.
Stock Performance
Shares of Garmin Ltd. traded low $ -0.81 or -0.81 percent on Tuesday, reaching $ 98.61 with volume of 575.70 thousand shares. Garmin Ltd. has traded high as $ 100.14 and has cracked $ 98.53 on the downward trend
According to the previous trading day, closing price of $ 98.61, representing a 62.88 % increase from the 52 week low of $ 61.04 and a 6.21 % decrease over the 52 week high of $ 106.00.
The company has a market capital of $ 18.86 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Conference Call
Garmin Ltd. will be hosting a conference call at 10:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.garmin.com
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.
