Polaris Q4 sales beat expectations on increased shipment volumes

Overview

• Powersports leader's Q4 sales rose 9%, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Higher shipments and favorable mix in ORV drove Q4 sales growth

Outlook

• Polaris expects 2026 sales to increase by 1-3% compared to 2025

• Company forecasts 2026 adjusted diluted EPS between $1.50 and $1.60

• Polaris sees strategic initiatives driving profitable growth in 2026

Result Drivers

• HIGHER SHIPMENTS - Increased shipment volumes to meet demand positively impacted Q4 sales

• FAVORABLE MIX - Favorable mix within ORV contributed to sales growth, despite lower net price

• MARKET SHARE GAINS - Gained market share in ORV, Snow, and Marine segments during Q4

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

• Wall Street's median 12-month price target for Polaris Inc is $69.15, about 0.1% above its January 26 closing price of $69.11

• The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 88 three months ago

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