BRP Q2 Adj $0.45 Beats $0.33 Estimate, Sales $1.34B Miss $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
BRP (NASDAQ:DOOO) reported Q2 earnings of $0.45 per share, beating the $0.33 estimate, but sales of $1.34B missed the $1.39B estimate. Earnings decreased by 81.33% and sales by 35.37% compared to last year.
September 06, 2024 | 10:05 am
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NEGATIVE IMPACT
BRP's Q2 earnings per share beat expectations, but sales fell short. Both earnings and sales have significantly decreased compared to the previous year, indicating potential challenges.
BRP's earnings per share exceeded expectations, which is positive, but the miss on sales and the significant year-over-year declines in both earnings and sales suggest underlying challenges. This mixed performance is likely to result in a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100