Garmin reports fourth quarter results

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Go back to Garmin reports fourth quarter results

Garmin Ltd. (GRMN) PT Raised to $145 at Colliers Securities

February 18, 2021 7:41 AM EST

Colliers Securities analyst Charles Anderson raised the price target on Garmin Ltd. (NASDAQ: GRMN) to $145.00 while maintaining a Buy rating.

... More

Garmin Ltd. (GRMN) Tops Q4 EPS by 34c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus

February 17, 2021 7:03 AM EST

Garmin Ltd. (NASDAQ: GRMN) reported Q4 EPS of $1.73, $0.34 better than the analyst estimate of $1.39. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.18 billion.

Highlights for fourth quarter 2020 include:

Total revenue of $1.35 billion, a 23% increase over the prior year quarter, led by robust growth in the marine, fitness and outdoor segmentsGross margin of 58.5% compared to 58.0% in the prior year quarterOperating margin improved to 27.5% compared to 25.1% in the prior year quarterOperating... More