Off-Road and powersports vehicle corporation Polaris (NYSE: PII) will be reporting results this Tuesday before the bell. Here’s what to expect.
Polaris beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $1.86 billion, up 6.6% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Polaris a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Polaris’s revenue to grow 2% year on year to $1.82 billion, a reversal from the 22.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Polaris has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Polaris’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nike posted flat year-on-year revenue, beating analysts’ expectations by 1.7%, and Carnival reported revenues up 6.6%, falling short of estimates by 0.6%. Nike traded down 10.5% following the results while Carnival was up 13.6%.
Read our full analysis of Nike’s results here and Carnival’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1% on average over the last month. Polaris is up 5.4% during the same time and is heading into earnings with an average analyst price target of $67.85 (compared to the current share price of $69.05).
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