Outdoor lifestyle products brand (NYSE: YETI) will be reporting earnings this Thursday morning. Here’s what to look for.
YETI beat analysts’ revenue expectations last quarter, reporting revenues of $380.4 million, up 8.3% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and full-year EPS guidance topping analysts’ expectations.
Is YETI 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 YETI’s revenue to grow 8.4% year on year, a reversal from the 3.8% 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. YETI rarely misses Wall Street’s revenue estimates.
Looking at YETI’s peers in the consumer discretionary - leisure products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Ruger delivered year-on-year revenue growth of 19.3%, beating analysts’ expectations by 23%, and Clarus reported revenues up 1.6%, topping estimates by 5.2%. Ruger traded up 3.3% following the results while Clarus was also up 10.1%.
Read our full analysis of Ruger’s results here and Clarus’s results here.
Investors in the consumer discretionary - leisure products segment have had steady hands going into earnings, with share prices flat over the last month. YETI is up 5% during the same time and is heading into earnings with an average analyst price target of $54 (compared to the current share price of $50.74).
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