Polaris Q4 Adj. EPS $1.98 Misses $2.58 Estimate, Sales $2.29B Beat $2.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Polaris (NYSE:PII) reported Q4 adjusted EPS of $1.98, missing the $2.58 estimate, a 42.77% decrease from last year's $3.46. Sales were $2.29B, surpassing the $2.23B estimate but down 4.78% from the previous year's $2.40B.
January 30, 2024 | 11:05 am
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NEGATIVE IMPACT
Polaris reported a significant earnings miss and a slight revenue beat for Q4, with a notable year-over-year decline in both metrics.
The earnings miss is substantial at 23.26% below the consensus estimate, which is likely to negatively impact investor sentiment and the stock price in the short term. The revenue beat might provide some cushion, but the overall decline in earnings and sales compared to last year is a negative signal for the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100