BUZZ-Garmin jumps on upbeat annual forecast

Reuters

Yesterday

** Shares of navigation device maker Garmin GRMN.N rise 15.6% to $250.81 premarket after co forecasts annual revenue and profit above estimates

** GRMN the top gainer among S&P 500 companies premarket

** Co sees 2026 adj EPS of $9.35 vs analysts' average estimate of $8.70; forecasts 2026 revenue of $7.9 bln vs analysts' estimate of $7.63 bln - data compiled by LSEG

** Attributes upbeat forecast to strong demand for high-end wearables and fitness products

** Co beats profit estimates for third straight quarter - LSEG

** 4 of 9 brokerages rate the stock "sell", 3 "hold" and 2 "buy" or higher; their median PT is $215.57

** GRMN stock up 7% YTD, while S&P 500 .SPX down 0.03%

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))

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forecasts 2026 revenue of $7.9 bln vs analysts' estimate of $7.63 bln - data compiled by LSEG ** Attributes upbeat forecast to strong demand for high-end wearables and fitness products** Co beats profit estimates for third straight quarter - LSEG ** 4 of 9 brokerages rate the stock \"sell\", 3 \"hold\" and 2 \"buy\" or higher; their median PT is $215.57** GRMN stock up 7% YTD, while S&P 500 .SPX down 0.03%  (Reporting by Utkarsh Tushar Hathi) ((utkarshtushar.hathi@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}