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

YETI Holdings

09/05/2024 14:31

* Yeti Holdings Inc  YETI.N  reported quarterly adjusted
earnings
of 34 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 18 cents.  The mean expectation of sixteen analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 20 cents to 33 cents per share.
    * Revenue rose 12.7% to $341.39 million from a year ago;
analysts
expected $333.31 million. 
    * Yeti Holdings Inc's reported EPS for the quarter was 18
cents​.
    * The company reported quarterly net income of $15.86
million.
    * Yeti Holdings Inc shares had fallen by 9.7% this
quarter and
lost 32.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
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 $42.50 
This summary was machine generated from LSEG data May 9 at 01:31
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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.25           0.34           Beat
 Dec. 31 2023      0.96           0.90           Missed
 Sep. 30 2023      0.55           0.60           Beat
 Jun. 30 2023      0.47           0.57           Beat