Garmin Ltd. ( GRMN ) saw a big move last session, as the company's shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for GRMN as the stock is now up around 9% since Jan 28.
On Feb 18, 2015, Garmin released its fourth-quarter 2014 results which fell short of analyst expectations.
The miscellaneous electronic products company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
GRMN currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same sector is Mistras Group, Inc. ( MG ) with a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
