Yeti Holdings Inc reports results for the quarter ended in June - Earnings Summary

YETI Holdings

08/08/2024 14:31

* Yeti Holdings Inc  YETI.N  reported quarterly adjusted
earnings
of 70 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 57 cents.  The mean expectation of sixteen analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 57 cents to 70 cents per share.
    * Revenue rose 8.5% to $463.50 million from a year ago;
analysts
expected $452.45 million. 
    * Yeti Holdings Inc's reported EPS for the quarter was 59
cents​.
    * The company reported quarterly net income of $50.4
million.
    * Yeti Holdings Inc shares had fallen by 2.9% this
quarter and
lost 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and 1 "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 Yeti Holdings Inc
is $43.00 
This summary was machine generated from LSEG data August 8 at
01:30 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.64           0.70           Beat
 Mar. 31 2024      0.25           0.34           Beat
 Dec. 31 2023      0.96           0.90           Missed
 Sep. 30 2023      0.55           0.60           Beat