Market Overview

Recap: Polaris Q2 Earnings

Share:

Shares of Polaris (NYSE:PII) moved higher by 10% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 24.86% year over year to $1.30, which beat the estimate of $0.57.

Revenue of $1,510,000,000 declined by 15.12% year over year, which beat the estimate of $1,350,000,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $6.40 and $6.60.

The upcoming fiscal year's revenue expected to be between $6,650,000,000 and $6,750,000,000.

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/pii/mediaframe/39031/indexr.html

Price Action

52-week high: $104.37

52-week low: $37.35

Price action over last quarter: Up 30.54%

Company Profile

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, small vehicles, and on-road vehicles, including motorcycles and low-emission vehicles, along with the related replacement parts, garments, and accessories. The firm entered the aftermarket parts segment in 2016, tying up with Transamerican Auto Parts and then tapped into boats through the acquisition on Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through 2,250 dealers in North America and through 1,400 international dealers as well as 32 subsidiaries and 85 distributors in more than 120 countries outside North America at the end of 2019.

 

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