Report
Seth Sherwood
EUR 100.00 For Business Accounts Only

Garmin Navigates to Stable Moat Trend Rating

Garmin reported first-quarter earnings with net sales above our expectations and operating margins slightly below as the company continued to see pressure in the auto market coupled with growing strength in marine and aviation offerings. We continue to believe Garmin’s revenue growth will decelerate over the next five years as the mapping space has become increasingly more competitive, which we think will hurt the company’s auto segment the most--but possibly not leave marine, aviation, and outd...
Underlying
Garmin Ltd.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Sherwood

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