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Earnings Preview: Polaris

Polaris (NYSE:PII) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Polaris to report an earnings per share (EPS) of $0.93.

Anticipation surrounds Polaris's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

During the last quarter, the company reported an EPS missed by $0.85, leading to a 6.75% drop in the share price on the subsequent day.

Here's a look at Polaris's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.23

0.06

2.58

2.69

EPS Actual

1.38

0.23

1.98

2.71

Price Change %

-7.000000000000001%

-1.0%

1.0%

-3.0%

Stock Performance

Shares of Polaris were trading at $82.55 as of October 18. Over the last 52-week period, shares are down 8.84%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analyst Opinions on Polaris

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Polaris.

Analysts have given Polaris a total of 8 ratings, with the consensus rating being Neutral. The average one-year price target is $83.25, indicating a potential 0.85% upside.

Analyzing Ratings Among Peers

This ...