Garmin 1Q Results Beat Expectations; Increasing FVE to $61; Shares Remain Fairly Valued
Garmin’s first-quarter results came in ahead of our internal expectations and consensus, with strength in all areas excluding the declining PND business. To our surprise, revenue growth in wearables accelerated again as Garmin rolled out more advanced products, offsetting their commoditized basic fitness wearables. While revenue growth during the quarter was impressive, management maintained its full-year guidance. We made only minor adjustments to our model, which when combined with impressive ...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.