Garmin Future Growth

Future criteria checks 1/6

Garmin is forecast to grow earnings and revenue by 3.7% and 8.4% per annum respectively. EPS is expected to grow by 3.2% per annum. Return on equity is forecast to be 15.8% in 3 years.

Key information

3.7%

Earnings growth rate

3.2%

EPS growth rate

Consumer Durables earnings growth	8.7%
Revenue growth rate	8.4%
Future return on equity	15.8%
Analyst coverage	Good
Last updated	27 Aug 2024

Recent future growth updates

Recent updates

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

May 11

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Apr 27

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Apr 10

Garmin: Wearables Trends Remain Strong

Mar 29

Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 26

Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Mar 12

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

Feb 13

Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit

Feb 08

Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73

Jan 22

Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Jan 08

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

Dec 07

Garmin: Growth Remains Intact But Valuation Is Not Attractive

Nov 16

Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.73

Nov 13

At US$117, Is It Time To Put Garmin Ltd. (NYSE:GRMN) On Your Watch List?

Nov 11

Garmin: Resilient Financials And Sustained Product Innovation

Nov 10

Garmin (NYSE:GRMN) Has Affirmed Its Dividend Of $0.73

Oct 26

Garmin (NYSE:GRMN) Has More To Do To Multiply In Value Going Forward

Oct 13

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

Sep 28

Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)

Sep 27

Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73

Sep 09

Garmin: Cautiously Positive Growth Prospects

Sep 08

Garmin: Hold Rating After Strong Q2 Earnings, Signs Of Overvaluation

Aug 30

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

Aug 26

Earnings and Revenue Growth Forecasts

NYSE:GRMN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	6,996	1,347	1,221	1,514	5
12/31/2025	6,468	1,241	1,067	1,375	8
12/31/2024	5,969	1,152	898	1,221	7
6/29/2024	5,648	1,376	1,348	1,514	N/A
3/30/2024	5,462	1,363	1,351	1,532	N/A
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	866	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	N/A	755	N/A
12/30/2017	3,122	709	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRMN's forecast earnings growth (3.7% per year) is above the savings rate (2.5%).

Earnings vs Market: GRMN's earnings (3.7% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: GRMN's earnings are forecast to grow, but not significantly.

Revenue vs Market: GRMN's revenue (8.4% per year) is forecast to grow slower than the US market (8.6% per year).

High Growth Revenue: GRMN's revenue (8.4% 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 (15.8%).

Garmin Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Garmin Ltd. Provides Earnings Guidance for the First Half of 2024

Garmin Ltd. Provides Earnings Guidance for the Year 2024

Price target increased by 7.0% to US$137

Garmin Ltd. Provides Earnings Guidance for the Full Year 2023

Recent updates

Upcoming dividend of US$0.75 per share

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Garmin Unveils the Garmin Dash Cam™ X Series of High-Quality Dash Cameras That Provide Motorists with A Discreet Eyewitness Anywhere They Drive1

Why Garmin Ltd. (NYSE:GRMN) Could Be Worth Watching

Garmin Adds AMOLED Displays to Fenix 8 Series, Its Most Capable Lineup of Premium Multisport GPS Smartwatches with Something for Everyone

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Garmin Introduces Revolutionary Technology to Help Avoid Runway Incursions

Garmin Enables Premium App Purchases in the Connect Iq Store and Unveils Fun New Watch Faces and Apps

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Garmin Ltd. Provides Earnings Guidance for the First Half of 2024

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Garmin Expands Force Kraken Trolling Motor Series to accommodate A Broader Range of Boat Sizes

Garmin Introduces the Panoptix Ps22-If Ice Fishing Bundle, A Live Sonar Solution Optimized for Hole Hopping

Garmin: Innovative Niche Products Will Lead To Continued Success

Garmin Ltd. to Report Q2, 2024 Results on Jul 31, 2024

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75

Garmin Unveils the Approach Z30 Smart Laser Range Finder with Unparalleled Integration to the Garmin Golf Lineup

Garmin Ltd. Unveils Align and Smartest Cycling Computer Ever: the Edge 1050

President notifies of intention to sell stock

Dividend of US$0.75 announced

Garmin Ltd. Approves the Payment of A Cash Dividend, Payable on June 28, 2024, September 27, 2024, December 27, 2024 and March 28, 2025 Respectively

Garmin (NYSE:GRMN) Will Pay A Larger Dividend Than Last Year At $0.75

Garmin Ltd. Approves the Payment of A Cash Dividend

Upcoming dividend of US$0.75 per share

Garmin: Slightly Too Expensive, Needs To Prove It Can Improve Profitability

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Investor sentiment improves as stock rises 18%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Garmin Ltd. Provides Earnings Guidance for the Year 2024

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Garmin Ltd., Annual General Meeting, Jun 07, 2024

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Garmin Ltd. Announces Management Changes

Garmin: Wearables Trends Remain Strong

Garmin Ltd. to Report Q1, 2024 Results on May 01, 2024

Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year

Garmin Unveils Complete Avionics Modernization Program for Cessna Citation CJ2

Dividend of US$0.75 announced

Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Garmin Announces Gwx 8000 Stormoptix Weather Radar with Auto Mode Will Soon Be Approved for Display and Control Via Gtn Xi Navigators and Txi Flight Displays, Expanding its Interface Potential Beyond Previously Approved Garmin Integrated Flight Decks

Upcoming dividend of US$0.73 per share

Independent Director notifies of intention to sell stock

Price target increased by 7.0% to US$137

Garmin Ltd. Establishes Final Dividend Installment, Payable on March 29, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Garmin Ltd. Recommends Second, Third and Fourth Installments Cash Dividend, Payable on September 27, 2024, December 27, 2024 and March 28, 2025

Garmin Ltd. (NYSE:GRMN) announces an Equity Buyback for $300 million worth of its shares.

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

Garmin Continues to Change the Game with the New Panoptix Ps70 Live Sonar for Deep-Sea Fishing

Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit

Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73

Garmin Ltd. to Report Q4, 2023 Results on Feb 21, 2024

Garmin Unveils the HRM-Fit Heart Rate Monitor for Women

Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Garmin Brings Big Updates to Its Small, Styly Lily 2 Smartwatch Series

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

Garmin Unveils the Tacx Neo 3M: A Powerful Indoor Smart Trainer with Multidirectional Movement

Upcoming dividend of US$0.73 per share at 2.3% yield

Garmin: Growth Remains Intact But Valuation Is Not Attractive

Garmin Unveils the Descent G1 Solar - Ocean Edition Dive Computer, Its First-Ever Product Made with Recycled Ocean-Bound Plastics

Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.73

At US$117, Is It Time To Put Garmin Ltd. (NYSE:GRMN) On Your Watch List?

Garmin: Resilient Financials And Sustained Product Innovation

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Garmin Ltd. Provides Earnings Guidance for the Full Year 2023

Now 20% undervalued after recent price drop

Garmin (NYSE:GRMN) Has Affirmed Its Dividend Of $0.73

Garmin International, Inc. Introduces Fast Track to Tech

Garmin Introduces Next-Gen ECHOMAP Ultra 2 Series

Garmin Unveils the MARQ Carbon Collection