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Polaris Inc (PII) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Polaris Inc (PII - Free Report) reported $2.25 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.9%. EPS of $2.71 for the same period compares to $3.25 a year ago.
The reported revenue represents a surprise of +0.28% over the Zacks Consensus Estimate of $2.24 billion. With the consensus EPS estimate being $2.72, the EPS surprise was -0.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Polaris Inc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Marine: $134.20 million versus $179.67 million estimated by three analysts on average.
Sales- On-Road: $270.30 million versus the three-analyst average estimate of $266.37 million.
Sales- Off-Road: $1.84 billion versus the three-analyst average estimate of $1.76 billion.
Gross profit- Marine: $24.30 million compared to the $39.95 million average estimate based on two analysts.
Gross profit- Off-Road: $425.50 million versus $425 million estimated by two analysts on average.
Gross profit- On-Road: $57.70 million compared to the $53.85 million average estimate based on two analysts.
Shares of Polaris Inc have returned -12.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Polaris Inc (PII) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Polaris Inc (PII - Free Report) reported $2.25 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.9%. EPS of $2.71 for the same period compares to $3.25 a year ago.
The reported revenue represents a surprise of +0.28% over the Zacks Consensus Estimate of $2.24 billion. With the consensus EPS estimate being $2.72, the EPS surprise was -0.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Polaris Inc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Marine: $134.20 million versus $179.67 million estimated by three analysts on average.
- Sales- On-Road: $270.30 million versus the three-analyst average estimate of $266.37 million.
- Sales- Off-Road: $1.84 billion versus the three-analyst average estimate of $1.76 billion.
- Gross profit- Marine: $24.30 million compared to the $39.95 million average estimate based on two analysts.
- Gross profit- Off-Road: $425.50 million versus $425 million estimated by two analysts on average.
- Gross profit- On-Road: $57.70 million compared to the $53.85 million average estimate based on two analysts.
View all Key Company Metrics for Polaris Inc here>>>Shares of Polaris Inc have returned -12.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.