Polaris Industries (PII) Misses Q3 EPS by 17c, cuts guidance

Polaris Industries (NYSE: PII) reported Q3 EPS of $0.73, $0.17 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.77 billion.

The Company updated its 2024 sales outlook to be down approximately 20 percent relative to 2023 versus its previous outlook of down 17 to 20 percent relative to 2023. The Company now expects adjusted diluted EPS attributed to Polaris Inc. common shareholders to be down approximately 65 percent relative to 2023 versus the prior outlook of down 56 to 62 percent.

For earnings history and earnings-related data on Polaris Industries (PII) click here.

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