Polaris Q2 2024 Adj EPS $1.38 Misses $2.23 Estimate, Sales $1.961B Miss $2.180B Estimate
Portfolio Pulse from Benzinga Newsdesk
Polaris (NYSE:PII) reported Q2 2024 earnings per share of $1.38, missing the analyst estimate of $2.23 by 38.12%. Sales were $1.961 billion, also missing the estimate of $2.180 billion by 10.04%. Both earnings and sales showed significant declines compared to the same period last year.
July 23, 2024 | 10:04 am
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Polaris reported Q2 2024 earnings per share of $1.38, missing the analyst estimate of $2.23 by 38.12%. Sales were $1.961 billion, also missing the estimate of $2.180 billion by 10.04%. Both earnings and sales showed significant declines compared to the same period last year.
Polaris missed both earnings and sales estimates significantly, with both metrics also showing substantial year-over-year declines. This is likely to negatively impact the stock price in the short term as investors react to the disappointing financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100