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Polaris Inc (PII) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Polaris Inc (PII) reported revenue of $1.74 billion, down 20.3% over the same period last year. EPS came in at $0.23, compared to $2.05 in the year-ago quarter.

The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $1.74 billion. With the consensus EPS estimate being $0.06, the EPS surprise was +283.33%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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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: $123.50 million versus the three-analyst average estimate of $189.66 million. The reported number represents a year-over-year change of -53.3%.

  • Sales- On-Road: $277.20 million versus $253.49 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.3% change.

  • Sales- Off-Road: $1.34 billion versus $1.29 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -16.1% change.

  • Gross profit- Marine: $19.20 million versus $36.80 million estimated by two analysts on average.

  • Gross profit- Off-Road: $233 million versus $235.31 million estimated by two analysts on average.

  • Gross profit- On-Road: $60.40 million versus $48.85 million estimated by two analysts on average.

View all Key Company Metrics for Polaris Inc here>>>

Shares of Polaris Inc have returned -6.8% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Zacks Investment Research