Off-Road and powersports vehicle corporation Polaris (NYSE: PII) will be announcing earnings results this Tuesday before the bell. Here’s what you need to know.
Polaris beat analysts’ revenue expectations last quarter, reporting revenues of $1.67 billion, up 7.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid 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, the market is expecting Polaris’s revenue to grow 3.7% year on year, a reversal from the 5.6% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Polaris has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Polaris’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Harley-Davidson’s revenues decreased 5.9% year on year, beating analysts’ expectations by 5.4%, and AMC Entertainment reported revenues up 14.2%, topping estimates by 8.7%. Harley-Davidson traded down 7.6% following the results while AMC Entertainment was up 13.4%.
Read our full analysis of Harley-Davidson’s results here and AMC Entertainment’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.1% on average over the last month. Polaris is up 3.5% during the same time and is heading into earnings with an average analyst price target of $68.80 (compared to the current share price of $73.04).
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