Stone-Cold Earnings Lock of the Week
Garmin (NASDAQ: GRMN)
The GPS company reports results for the quarter ending March 31, 2012 on Wednesday before the market opens. Wall Street expects Garmin (GRMN) to earn 41 cents per share in the quarter.
That estimate has held steady over the last 90 days. The company has exceeded estimates in three of the last four quarters. Garmin shares have added 37% in the last year. Analysts expect profits to drop slightly in 2012. At current prices, shares trade for 17 times 2012 estimated earnings.