Garmin Raises FY24 Outlook: Adj EPS from $6.00 to $6.85 vs $6.08 Est; Sales from $5.95B to $6.12B vs $5.99B Est
Portfolio Pulse from Benzinga Newsdesk
Garmin has raised its fiscal year 2024 outlook, increasing its adjusted EPS from $6.00 to $6.85 and sales from $5.95 billion to $6.12 billion. This adjustment is based on strong performance in the first three quarters of 2024.
October 30, 2024 | 11:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Garmin has increased its fiscal year 2024 guidance, raising adjusted EPS to $6.85 and sales to $6.12 billion, indicating strong performance.
Garmin's upward revision of its FY24 guidance suggests strong business performance, likely leading to positive investor sentiment and a potential increase in stock price. The significant increase in both EPS and sales forecasts indicates robust operational efficiency and market demand.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100