DOOO Stock Recent News

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.

BRP Inc is an attractive stock for analysts at Stifel GMP after the company's fiscal fourth quarter results surpassed expectations.  Stifel reiterated its ‘Buy' rating for the Quebec-based powersports vehicle producer and upped its price target to $150 from $140 in a note published Tuesday.

BRP Inc. (NASDAQ:DOOO ) Q4 2023 Earnings Conference Call March 23, 2023 9:00 AM ET Company Participants Philippe Deschenes - IR Jose Boisjoli - President and CEO Sebastien Martel - CFO Conference Call Participants Mark Petrie - CIBC Robin Farley - UBS Sean Wagner - Citigroup Martin Landry - Stifel Xian Siew - BNP Paribas Craig Kennison - Baird Jonathan Goldman - Scotiabank Fred Wightman - Wolfe Research Joe Altobello - Raymond James Jamie Katz - Morningstar Derek Dley - Canaccord Cameron Doerksen - National Bank Financial Brian Morrison - TD Securities Sabahat Khan - RBC Capital Markets Operator Good morning, ladies and gentlemen. Welcome to the BRP Inc.'s FY23 Fourth Quarter Results Conference Call.