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Valued at $32.7 billion by market cap and headquartered in Switzerland, Garmin Ltd. (GRMN) is a leading manufacturer of GPS-based navigation and communication equipment. The company operates in five segments: Outdoor, Fitness, Marine, Auto, and Aviation. Garmin is set to announce its Q2 earnings for fiscal 2024 on Wednesday, Jul. 31.
Ahead of the event, analysts expect Garmin to report a profit of $1.45 per share, flat from the year-ago quarter figure. The company has exceeded Wall Street’s EPS estimates in each of the last four quarters.