Polaris Analysts Slash Their Forecasts After Downbeat Results
Portfolio Pulse from Avi Kapoor
Polaris Inc. (NYSE:PII) reported disappointing Q2 results, missing both earnings and sales estimates. The company also significantly cut its 2024 guidance, leading to a 4.8% drop in its stock price. Analysts from BMO Capital and B of A Securities lowered their price targets for Polaris.
July 24, 2024 | 12:43 pm
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Polaris Inc. reported worse-than-expected Q2 results and significantly cut its 2024 guidance. The company missed both earnings and sales estimates, leading to a 4.8% drop in its stock price. Analysts from BMO Capital and B of A Securities lowered their price targets for the stock.
Polaris missed both earnings and sales estimates for Q2 and significantly cut its 2024 guidance. This led to a 4.8% drop in its stock price. Additionally, analysts from BMO Capital and B of A Securities lowered their price targets, indicating a negative outlook in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100