Polaris Industries Inc. (NYSE:PII) manufacturer of recreational vehicles, is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.19 per share.
Looking ahead, the full year income are expected at $ 6.63 per share on the revenues of $ 6784.90 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 6,650.00 million ~ $ 6,750.00 million, where as bottomline are predicted in a range of $ 6.40 ~ $ 6.60 per share
Click Here For More Historical Outlooks Of Polaris Industries Inc.
Previous Quarter Performance
Polaris Industries Inc. disclosed income for the second quarter of $ 1.30 per share, from the revenue of $ 1,510.00 million. The quarterly earnings contracted 24.86 percent while revenues down 15.14 percent compared with the same quarter last year.
Street analysts expected Polaris Industries Inc. to report income of $ 0.63 per share on revenue of $ 1365.42 million for the second quarter. The bottom line results beat street analysts by $ 0.67 or 106.35 percent, at the same time, top line results outshined analysts by $ 144.58 million or 10.59 percent.
Stock Performance
Shares of Polaris Industries Inc. traded low $ -0.13 or -0.14 percent on Friday, reaching $ 91.67 with volume of 744.60 thousand shares. Polaris Industries Inc. has traded high as $ 93.66 and has cracked $ 90.19 on the downward trend
According to the previous trading day, closing price of $ 91.67, representing a 145.78 % increase from the 52 week low of $ 37.35 and a 16.77 % decrease over the 52 week high of $ 110.30.
The company has a market capital of $ 5.62 billion and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Recent Analyst recommendations
- On 5th October 2020, upgraded by Robert W. Baird to Outperform from Neutral rating.
- On 30th September 2020, upgraded by Longbow Research to Buy from Neutral rating.
- On 15th September 2020, initiated by Citigroup at Buy rating, with $ 120.00 target price.
Conference Call
Polaris Industries Inc. will be hosting a conference call at 10:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.polaris.com
Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats.
