CORRECTION: Garmin Sees FY24 EPS $6.00 Vs $5.75 Est.; Revenue $5.95B Vs $5.88B Est.
Portfolio Pulse from Benzinga Newsdesk
Garmin has revised its FY24 earnings per share (EPS) estimate to $6.00, up from the previous estimate of $5.75. Additionally, the company has increased its revenue forecast to $5.95 billion, compared to the earlier estimate of $5.88 billion.
July 31, 2024 | 1:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Garmin has updated its FY24 EPS estimate to $6.00, higher than the previous estimate of $5.75. The company also raised its revenue forecast to $5.95 billion from $5.88 billion. This positive revision indicates strong performance expectations.
The upward revision in both EPS and revenue forecasts suggests that Garmin is performing better than previously expected. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100