For FY24, BRP Expects Adjusted EPS of C$11.10-C$11.35 Versus Prior Guidance Of C$12.35-C$12.85 And Consensus Of $9.20
Portfolio Pulse from Benzinga Newsdesk
BRP Inc. has revised its FY24 adjusted EPS guidance to C$11.10-C$11.35, down from the previous forecast of C$12.35-C$12.85. This new guidance is still above the consensus estimate of $9.20.
November 30, 2023 | 11:23 am
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BRP Inc. (DOOO) has lowered its FY24 adjusted EPS guidance, which may cause concern among investors despite still exceeding analyst consensus estimates.
While BRP Inc. has reduced its EPS guidance, which typically would be a negative signal to the market, the new guidance range is still above the consensus estimates. This mixed signal could lead to a neutral short-term impact on the stock price as the market digests both the downward revision and the beat on consensus.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100