5 Best European Stocks That Beat Earnings Estimates to Buy

2. Garmin Ltd. (NYSE:GRMN)

On April 30, 2026, Morgan Stanley lowered its price target on Garmin Ltd. (NYSE:GRMN) to $249 from $252 and maintained an Equal Weight rating. The firm said Q1 results were modestly ahead of expectations, with Fitness continuing to stand out, and noted potential upside risk to estimates for the year.

On April 29, 2026, Garmin Ltd. (NYSE:GRMN) reported Q1 adjusted EPS of $2.08 versus $1.84 consensus and revenue of $1.75B compared to $1.71B expected. Chief Executive Officer Cliff Pemble has said that the company delivered “remarkable financial results,” reflecting strong demand across its product lineup and its diversified business model. Garmin has reaffirmed its FY26 pro forma EPS outlook of $9.35 versus $9.39 consensus and revenue guidance of about $7.9B compared to $7.98B expected.

Prior to the earnings release, JPMorgan has raised its price target on Garmin Ltd. (NYSE:GRMN) to $285 from $265 previously and kept a Neutral rating on the shares as part of a broader Q1 preview.

Garmin Ltd. (NYSE:GRMN) designs and sells GPS-enabled navigation, communication, and fitness-related products globally.