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

BRP

06/12/2024 12:00

* BRP Inc  DOO.TO  reported quarterly adjusted earnings of
C$1.16​​ per share for the quarter ended October 31, lower than
the same quarter last year, when the company reported EPS of
C$3.06.  The mean expectation of sixteen analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 64 cents to 86 cents per share.
    * Revenue fell 20.8% to C$1.96 billion from a year ago;
analysts
expected C$1.83 billion. 
    * BRP Inc's reported EPS for the quarter was 37 cents​.
    * The company reported quarterly net income of C$7.1
million.
    * BRP Inc shares had fallen by 15.5% this quarter and
lost 28.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 65.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 10
"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$91.50 
This summary was machine generated from LSEG data December 6 at
12:00 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      0.69           1.16           Beat
 Jul. 31 2024      0.45           0.61           Beat
 Apr. 30 2024      0.91           0.95           Beat
 Jan. 31 2024      2.59           2.46           Missed