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MINNEAPOLIS - On Tuesday, Polaris Inc. (NYSE:PII) reported third quarter earnings that exceeded analyst expectations, with both revenue and EPS coming in above consensus estimates.
The powersports vehicle manufacturer posted revenue of $1.84 billion, surpassing the analyst estimate of $1.79 billion, while delivering earnings per share of $0.41, significantly above the $0.23 consensus estimate.
The company’s shares rose 1.14% following the earnings announcement, reflecting a modest positive market response to the results.
Polaris, known for its off-road vehicles, motorcycles, and boats, demonstrated resilience in the challenging powersports market. The $1.84 billion in quarterly revenue represents a beat against analyst expectations, though the company did not provide year-over-year comparisons in its release.
The company’s EPS of $0.41 was nearly 78% higher than the $0.23 analysts had projected, indicating stronger profitability than anticipated. Polaris did not provide specific guidance for the upcoming quarter or fiscal year in the materials released.
As the global leader in powersports, Polaris offers a range of products including RANGER, RZR, Polaris XPEDITION and GENERAL side-by-side off-road vehicles, Sportsman all-terrain vehicles, Indian Motorcycle products, and Bennington pontoons, serving customers across nearly 100 countries.
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