Garmin Q4 2024: Record Revenue Masks Underlying Risks
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Garmin reported record Q4 2024 revenue of $1.82B, with a 40% EPS increase and a 20% dividend hike. Despite strong performance, challenges in Fitness, Auto OEM, and Marine sectors, along with geopolitical risks, pose potential headwinds. The stock has surged 108.56% since November 2023, trading above historical valuation metrics.
February 21, 2025 | 11:45 am
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Garmin's Q4 2024 results show record revenue and a significant EPS increase, but challenges in key sectors and geopolitical risks could impact future performance. The stock's recent surge may make it less attractive at current levels.
Garmin's strong financial performance is offset by potential risks in its Fitness, Auto OEM, and Marine sectors, as well as geopolitical concerns. The stock's significant rise since November 2023 suggests it may be overvalued, leading to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100