Polaris Inc reports results for the quarter ended June 30 - Earnings Summary

• Polaris Inc PII.N reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.38. The mean expectation of fourteen analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -32 cents to 42 cents per share.

• Revenue fell 5.5% to $1.85 billion from a year ago; analysts expected $1.72 billion.

• Polaris Inc's reported EPS for the quarter was a loss of $1.39​.

• The company reported a quarterly loss of $79.3 million.

• Polaris Inc shares had risen by 21.7% this quarter and lost 14.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 99.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 12 "hold" and 2 "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 $41.00, about 20.7% below its last closing price of $49.48

This summary was machine generated from LSEG data July 29 at 02:31 p.m. UTC. ​All figures in US 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)