DOOO Stock Recent News

BRP Inc. (DOOO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

VALCOURT, QC , Aug. 17, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its second quarter FY24 financial results conference call on Thursday, September 7th, 2023. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the second quarter of FY24 and address questions from analysts on a conference call at 9 a.m.

Outdoor recreation got a big boost during the pandemic as social distancing and lockdowns caused people to seek out other forms of leisure and entertainment that didn't involve human interactions.

BRP has demonstrated strong growth and created shareholder value. Despite impressive growth and good operating margins, BRP's earnings are highly sensitive to macroeconomic trends, making it a volatile investment. While BRP has potential for future growth, current economic risks and the possibility of margin decreases make the stock a hold recommendation.

BRP Inc. (DOOO) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.31 per share a year ago.

BRP Inc. has a solid market position, targeting the higher end of consumers, and is well-positioned to meet the growing demand for outdoor recreational vehicles. A strong commitment to efficient inventory and supply chain management can generate an upside in enterprise value.

BRP Inc. is a leading manufacturer of recreational vehicles in the powersports industry with a history of strong revenue growth and profitability. The company has a dominant market position and has been stealing market share from competitors, which has propelled its growth despite a small industry decline last quarter.

BRP Inc. (DOOO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Investors may keep a tab on stocks like OXM, DOOO, MAA and SLG, which have lately hiked their dividend payments.

After losing some value lately, a hammer chart pattern has been formed for BRP Inc. (DOOO), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.