Polaris Cuts 2024 Sales Outlook To Be Down 17-20% Vs Previous Outlook Of Down 5%-7%; Now Expects Adjusted EPS To Be Down 56%-62% Vs Prior Outlook Of Down 10%-15% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Polaris has revised its 2024 sales outlook, now expecting a decline of 17-20% compared to the previous forecast of a 5-7% decline. Additionally, the company anticipates adjusted EPS to drop by 56-62%, a significant revision from the prior outlook of a 10-15% decline year-over-year.
July 23, 2024 | 10:08 am
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Polaris has significantly downgraded its 2024 sales and adjusted EPS outlook. The company now expects sales to decline by 17-20% and adjusted EPS to drop by 56-62%, compared to previous forecasts of a 5-7% sales decline and a 10-15% EPS decline.
The significant downgrade in both sales and adjusted EPS outlooks indicates potential challenges for Polaris, likely leading to a negative short-term impact on its stock price.
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