We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Insights Into Polaris Inc (PII) Q3: Wall Street Projections for Key Metrics
Read MoreHide Full Article
In its upcoming report, Polaris Inc (PII - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.87 per share, reflecting a decline of 67.9% compared to the same period last year. Revenues are forecasted to be $1.77 billion, representing a year-over-year decrease of 21.1%.
The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Polaris Inc metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Sales- Marine' stands at $129.70 million. The estimate indicates a change of -3.4% from the prior-year quarter.
The average prediction of analysts places 'Sales- On-Road' at $231.65 million. The estimate points to a change of -14.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Sales- Off-Road' should arrive at $1.43 billion. The estimate indicates a change of -22.7% from the prior-year quarter.
The consensus among analysts is that 'Gross profit- Marine' will reach $24.53 million. Compared to the current estimate, the company reported $24.30 million in the same quarter of the previous year.
Analysts predict that the 'Gross profit- Off-Road' will reach $305.72 million. Compared to the present estimate, the company reported $425.50 million in the same quarter last year.
Analysts expect 'Gross profit- On-Road' to come in at $47.51 million. Compared to the current estimate, the company reported $57.70 million in the same quarter of the previous year.
Polaris Inc shares have witnessed a change of -2.1% in the past month, in contrast to the Zacks S&P 500 composite's +4.5% move. With a Zacks Rank #3 (Hold), PII is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Insights Into Polaris Inc (PII) Q3: Wall Street Projections for Key Metrics
In its upcoming report, Polaris Inc (PII - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.87 per share, reflecting a decline of 67.9% compared to the same period last year. Revenues are forecasted to be $1.77 billion, representing a year-over-year decrease of 21.1%.
The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Polaris Inc metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Sales- Marine' stands at $129.70 million. The estimate indicates a change of -3.4% from the prior-year quarter.
The average prediction of analysts places 'Sales- On-Road' at $231.65 million. The estimate points to a change of -14.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Sales- Off-Road' should arrive at $1.43 billion. The estimate indicates a change of -22.7% from the prior-year quarter.
The consensus among analysts is that 'Gross profit- Marine' will reach $24.53 million. Compared to the current estimate, the company reported $24.30 million in the same quarter of the previous year.
Analysts predict that the 'Gross profit- Off-Road' will reach $305.72 million. Compared to the present estimate, the company reported $425.50 million in the same quarter last year.
Analysts expect 'Gross profit- On-Road' to come in at $47.51 million. Compared to the current estimate, the company reported $57.70 million in the same quarter of the previous year.
View all Key Company Metrics for Polaris Inc here>>>
Polaris Inc shares have witnessed a change of -2.1% in the past month, in contrast to the Zacks S&P 500 composite's +4.5% move. With a Zacks Rank #3 (Hold), PII is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>