Garmin Future Growth
Future criteria checks 2/6
Garmin is forecast to grow earnings and revenue by 4.2% and 8.9% per annum respectively. EPS is expected to grow by 3.6% per annum. Return on equity is forecast to be 14.8% in 3 years.
Key information
4.2%
Earnings growth rate
3.6%
EPS growth rate
| Consumer Durables earnings growth | 8.0% |
| Revenue growth rate | 8.9% |
| Future return on equity | 14.8% |
| Analyst coverage | Good |
| Last updated | 23 Apr 2024 |
Recent future growth updates
Recent updates
Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
Apr 10
Garmin: Wearables Trends Remain Strong
Mar 29Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 26Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Mar 12Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Feb 13Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit
Feb 08Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Jan 22Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Jan 08Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Dec 07Garmin: Growth Remains Intact But Valuation Is Not Attractive
Nov 16Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.73
Nov 13At US$117, Is It Time To Put Garmin Ltd. (NYSE:GRMN) On Your Watch List?
Nov 11Garmin: Resilient Financials And Sustained Product Innovation
Nov 10Garmin (NYSE:GRMN) Has Affirmed Its Dividend Of $0.73
Oct 26Garmin (NYSE:GRMN) Has More To Do To Multiply In Value Going Forward
Oct 13Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Sep 28Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)
Sep 27Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Sep 09Garmin: Cautiously Positive Growth Prospects
Sep 08Garmin: Hold Rating After Strong Q2 Earnings, Signs Of Overvaluation
Aug 30Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Aug 26Garmin's (NYSE:GRMN) Dividend Will Be $0.73
Aug 08Upslope Capital - Garmin: A Classic 'Riches In Niches' Story
Jul 26Investors Met With Slowing Returns on Capital At Garmin (NYSE:GRMN)
Jun 28Garmin: Consumer Electronics Success Story
Jun 28Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)
Jun 15Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Jun 01Garmin: Powerful Arsenal Driving Success
May 25Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
May 05Is Now An Opportune Moment To Examine Garmin Ltd. (NYSE:GRMN)?
Apr 10Here's What To Make Of Garmin's (NYSE:GRMN) Decelerating Rates Of Return
Mar 14Estimating The Intrinsic Value Of Garmin Ltd. (NYSE:GRMN)
Mar 01Garmin Non-GAAP EPS of $1.35 beats by $0.18, revenue of $1.31B misses by $10M
Feb 22Is Now An Opportune Moment To Examine Garmin Ltd. (NYSE:GRMN)?
Jan 03Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 6,886 | 1,330 | 1,162 | 1,389 | 4 |
| 12/31/2025 | 6,250 | 1,182 | 1,059 | 1,352 | 9 |
| 12/31/2024 | 5,736 | 1,049 | 853 | 1,186 | 10 |
| 12/30/2023 | 5,228 | 1,290 | 1,181 | 1,376 | N/A |
| 9/30/2023 | 5,052 | 1,041 | 1,073 | 1,279 | N/A |
| 7/1/2023 | 4,915 | 994 | 865 | 1,076 | N/A |
| 4/1/2023 | 4,835 | 964 | 649 | 882 | N/A |
| 12/31/2022 | 4,860 | 974 | 542 | 788 | N/A |
| 9/24/2022 | 4,946 | 966 | 282 | 589 | N/A |
| 6/25/2022 | 4,997 | 1,015 | 382 | 680 | N/A |
| 3/26/2022 | 5,083 | 1,074 | 498 | 830 | N/A |
| 12/25/2021 | 4,983 | 1,082 | 703 | 1,012 | N/A |
| 9/25/2021 | 4,943 | 1,130 | 1,041 | 1,279 | N/A |
| 6/26/2021 | 4,860 | 1,184 | 1,073 | 1,308 | N/A |
| 3/27/2021 | 4,403 | 1,051 | 1,095 | 1,278 | N/A |
| 12/26/2020 | 4,187 | 992 | 948 | 1,135 | N/A |
| 9/26/2020 | 3,937 | 1,020 | 768 | 934 | N/A |
| 6/27/2020 | 3,763 | 934 | 690 | 848 | N/A |
| 3/28/2020 | 3,848 | 973 | 628 | 760 | N/A |
| 12/28/2019 | 3,758 | 952 | 578 | 699 | N/A |
| 9/28/2019 | 3,587 | 782 | 554 | 682 | N/A |
| 6/29/2019 | 3,463 | 738 | 630 | 757 | N/A |
| 3/30/2019 | 3,403 | 705 | 707 | 870 | N/A |
| 12/29/2018 | 3,347 | 694 | 759 | 920 | N/A |
| 9/29/2018 | 3,313 | 646 | 717 | 900 | N/A |
| 6/30/2018 | 3,254 | 613 | 634 | 835 | N/A |
| 3/31/2018 | 3,191 | 600 | 602 | 755 | N/A |
| 12/30/2017 | 3,122 | 709 | 509 | 661 | N/A |
| 9/30/2017 | 3,085 | 703 | N/A | 676 | N/A |
| 7/1/2017 | 3,056 | 677 | N/A | 690 | N/A |
| 4/1/2017 | 3,036 | 661 | N/A | 697 | N/A |
| 12/31/2016 | 3,046 | 518 | N/A | 706 | N/A |
| 9/24/2016 | 2,939 | 507 | N/A | 651 | N/A |
| 6/25/2016 | 2,897 | 501 | N/A | 576 | N/A |
| 3/26/2016 | 2,859 | 478 | N/A | 328 | N/A |
| 12/26/2015 | 2,820 | 456 | N/A | 280 | N/A |
| 9/26/2015 | 2,842 | 534 | N/A | 267 | N/A |
| 6/27/2015 | 2,869 | 268 | N/A | 272 | N/A |
| 3/28/2015 | 2,873 | 312 | N/A | 533 | N/A |
| 12/27/2014 | 2,871 | 364 | N/A | 523 | N/A |
| 9/27/2014 | 2,827 | 318 | N/A | 528 | N/A |
| 6/28/2014 | 2,764 | 652 | N/A | 602 | N/A |
| 3/29/2014 | 2,683 | 643 | N/A | 642 | N/A |
| 12/28/2013 | 2,632 | 612 | N/A | 630 | N/A |
| 9/28/2013 | 2,641 | 578 | N/A | 655 | N/A |
| 6/29/2013 | 2,669 | 531 | N/A | 603 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRMN's forecast earnings growth (4.2% per year) is above the savings rate (2.3%).
Earnings vs Market: GRMN's earnings (4.2% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: GRMN's earnings are forecast to grow, but not significantly.
Revenue vs Market: GRMN's revenue (8.9% per year) is forecast to grow faster than the US market (8.1% per year).
High Growth Revenue: GRMN's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GRMN's Return on Equity is forecast to be low in 3 years time (14.8%).