BRP Inc reports results for the quarter ended April 30 - Earnings Summary

• BRP Inc DOO.TO reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 95 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 8 cents to 91 cents per share.

• Revenue fell 9.1% to C$1.85 billion from a year ago; analysts expected C$1.75 billion.

• BRP Inc's reported EPS for the quarter was C$2.04​.

• The company reported quarterly net income of C$150.2 million.

• BRP Inc shares had risen by 2.3% this quarter and lost 32.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 60.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the recreational products peer group is "buy."

• Wall Street's median 12-month price target for BRP Inc is C$65.00

This summary was machine generated from LSEG data May 29 at 12:15 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)