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Polaris (PII)
NYSE:PII
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.89Last Year’s EPS
1.98Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: -30.13%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter for Polaris, with significant declines in sales and retail performance. However, the company has made notable progress in operational efficiencies and dealer inventory management. While innovation and manufacturing improvements are positive, the challenging macroeconomic environment and promotional pressures continue to impact the business.Company Guidance
During the Polaris Q3 2024 earnings call, several key metrics were discussed regarding the company's guidance for the remainder of the year. Polaris reported a 23% drop in third-quarter sales due to strategic cuts in production and shipments aimed at reducing dealer inventory levels by 15% to 20%. Despite these challenges, the company expects gross profit margins to improve slightly in Q4, driven by operational efficiencies and adjustments in pricing structures. The promotional environment has been elevated, which, along with lower shipment volumes, has impacted margins, resulting in a gross margin decline of 184 basis points and a 73% decrease in adjusted EPS. Polaris is also making significant strides in operational efficiency, achieving a 20% increase in output at one of its largest plants without additional labor input. Looking ahead to 2025, Polaris remains cautious, anticipating persistent retail challenges and emphasizing the importance of maintaining healthy dealer inventory levels and focusing on innovation and operational improvements.Operational Efficiencies Achieved
Polaris achieved approximately $280 million in operational efficiencies, surpassing its initial target of $150 million. These efficiencies were driven by improvements in plant operations, logistics, and material costs.
Reduction in Dealer Inventory
Polaris made significant progress in reducing dealer inventory levels, with ORV dealer inventory expected to be down 15% to 20% by year-end.
Strong Innovation Pipeline
Polaris continues to focus on innovation, with new product introductions over the past 18 months and a compelling lineup for 2025, including new products set to launch next year.
Improved Manufacturing Output
Notable improvements in manufacturing efficiency, including a 20% increase in output at one of Polaris's largest plants and a 50% decrease in rework.
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PII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $79.42 | $71.53 | -9.93% |
| Jul 23, 2024 | $80.72 | $76.83 | -4.82% |
| Apr 23, 2024 | $85.99 | $84.33 | -1.93% |
| Jan 30, 2024 | $89.74 | $86.35 | -3.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Polaris (PII) report earnings?
Polaris (PII) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Polaris (PII) earnings time?
Polaris (PII) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PII EPS forecast?
PII EPS forecast for the fiscal quarter 2024 (Q4) is 0.89.
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