Why Is Garmin Stock Falling Today?
Why Is Garmin Stock Falling Today?
Garmin Ltd. (NYSE:GRMN) shares are trading lower after BofA Securities analyst Ronald J. Epstein downgraded the stock to Underperform from Neutral and cut the price target from $165 to $150.
Garmin Ltd.（紐約證券交易所代碼：GRMN）股價走低，此前美銀證券分析師羅納德·愛潑斯坦將該股的評級從中性下調至表現不佳，並將目標股價從165美元下調至150美元。
The analyst writes that in the first quarter, Garmin demonstrated the strength of its brand and the resiliency of its customers and witnessed growth across segments. However, the analyst worries that the momentum is decelerating, implying that the current valuation is unsustainable.
分析師寫道，在第一季度，Garmin展示了其品牌實力和客戶的彈性，並見證了各個細分市場的增長。但是，分析師擔心勢頭正在減速，這意味着當前的估值是不可持續的。
Epstein says that the company's AutoOEM segment continues to ramp production and remains on track to hit the $800 million revenue target in 2025.
愛潑斯坦說，該公司的汽車OEM板塊繼續提高產量，並有望在2025年實現8億美元的收入目標。
The analyst expects the segment to reach breakeven in 4Q24 and sees an upside risk as Garmin's domain controllers will be spread across all Bayerische Motoren Werke AG (OTC:BMWYY) BMW's fleets with the iDrive infotainment systems.
該分析師預計，該細分市場將在24年第四季度達到盈虧平衡，並認爲存在上行風險，因爲Garmin的域控制器將分佈在裝有iDrive信息娛樂系統的拜仁汽車Werke AG（場外交易代碼：BMWYY）寶馬的所有車隊。
The rapidly growing Auto contribution to total revenues is expected to pose a headwind to company margins, and the analyst projects revenue of $635 million at an operating margin of (4.3%). Epstein estimates EPS of $5.66 in FY24 and $6.50 in FY25.
汽車對總收入的快速增長預計將對公司的利潤構成不利影響，分析師預計收入爲6.35億美元，營業利潤率爲（4.3％）。愛潑斯坦估計，24財年的每股收益爲5.66美元，25財年的每股收益爲6.50美元。
This month, Garmin reported first-quarter revenue increase of 20% to $1.38 billion, surpassing estimates; proforma EPS of $1.42 beat the consensus.
本月，Garmin報告稱，第一季度收入增長20％，達到13.8億美元，超出預期；預計每股收益爲1.42美元，超出市場預期。
Garmin stock gained 55% in the last 12 months. Investors can gain exposure to the stock via Global X Internet Of Things ETF (NASDAQ:SNSR) and Procure Space ETF (NASDAQ:UFO).
在過去的12個月中，Garmin的股票上漲了55％。投資者可以通過Global X物聯網ETF（納斯達克股票代碼：SNSR）和Procure Space ETF（納斯達克股票代碼：UFO）獲得股票敞口。
Price Action: GRMN shares are down 4.92% at $162.33 at the last check Wednesday.
價格走勢：在週三的最後一次檢查中，GRMN股價下跌4.92％，至162.33美元。
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譯文內容由第三人軟體翻譯。