Polaris Posts Q2 Earnings Above Street View Helped By Strong Shipment Volumes
Portfolio Pulse from Shivani Kumaresan
Polaris Inc reported Q2 FY23 sales growth of 7% YoY to $2.22 billion, beating the analyst consensus of $2.14 billion. The increase was driven by favorable ship volumes, product mix, and net pricing. Adjusted EPS of $2.42 beat the analyst consensus of $2.21. The company raised its FY23 sales outlook to +3% - +6% and revised adjusted EPS guidance to -2% - +3%.
July 25, 2023 | 10:52 am
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POSITIVE IMPACT
Polaris Inc reported better than expected Q2 FY23 results and raised its FY23 sales outlook, which could positively impact its stock price.
Polaris Inc reported Q2 FY23 sales and EPS that beat analyst expectations, driven by favorable ship volumes, product mix, and net pricing. The company also raised its FY23 sales outlook, which indicates confidence in future performance. These factors are likely to be viewed positively by investors and could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100