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Polaris Inc (PII) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $2.42 per share a year ago.
Polaris is a market leader in powersports vehicles and is a beneficiary of its name recognition. PII stock expects new product launches and healthier inventory levels to drive market share gains throughout the year, despite currency headwinds and a more promotional selling environment. At current trading levels, I view the stock as attractive due to its strong market share gains and its promising outlook for the remainder of the year.
Polaris is a market leader in the vehicle parts/discretionary sector, but its valuation should be carefully considered due to mixed demand signals and production inefficiencies. The company's 1Q23 results showed a 22% increase in sales and a 55% increase in adjusted EPS, but operating expenses and input costs remain a challenge. Polaris is expected to outperform its peers in the long run, but investors should avoid paying a premium for the stock.
Polaris Inc. (PII) Q1 2023 Earnings Call Transcript.
Polaris Inc (PII) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.29 per share a year ago.
Polaris Inc (PII) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Polaris Inc (PII) 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.
MINNEAPOLIS , March 30, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that it will release its first quarter 2023 financial results on Tuesday, April 25, 2023, and will hold a conference call and webcast at 9:00 AM central time on the same day to discuss the results. The call will be hosted by Mike Speetzen, Chief Executive Officer and Bob Mack, Chief Financial Officer.
Polaris CEO Mike Speetzen joins 'Closing Bell:Overtime' to discuss their new online marketplace for powersports vehicles.