BRP Inc reports results for the quarter ended in July 31 - Earnings Summary

BRP

06/09/2024 12:37

* BRP Inc  DOO.TO  reported quarterly adjusted earnings of
61
cents​​ per share for the quarter ended July 31, lower than the
same quarter last year, when the company reported EPS of
C$3.21.  The mean expectation of seventeen analysts for the
quarter was for earnings of 45 cents per share. Wall Street
expected results to range from 22 cents to C$2.10 per share.
    * Revenue fell 33.7% to C$1.84 billion from a year ago;
analysts
expected $1.88 billion. 
    * BRP Inc's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $7.2 million.
    * BRP Inc shares had risen by 1.9% this quarter and
lost 5.8% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for BRP Inc is
C$100.00 
This summary was machine generated from LSEG data September 6 at
11:37 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2024      0.45           0.61           Beat
 Apr. 30 2024      0.91           0.95           Beat
 Jan. 31 2024      2.59           2.46           Missed
 Oct. 31 2023      3.07           3.06           Missed