Polaris Inc. (PII) facing challenges with declining sales and earnings outlook

From Nasdaq: 2024-11-25 04:00:00

Polaris Inc. PII faces a challenging retail environment in 2024 and beyond, missing Q3 earnings estimates and seeing a decline in EPS outlook. The company’s sales are projected to drop by 21% YoY in 2024, with adjusted earnings expected to decrease by 65%.

CEO Mike Speetzen highlighted the importance of managing dealer inventory and operational efficiency in the face of challenging retail demand. Polaris stock has fallen 60% over the past decade and is currently trading below its long-term moving average. Investors may want to wait for signs of a turnaround before considering buying.

Zacks Research identifies a top stock with the potential to double in the coming months, emphasizing its innovative solutions and fast-growing customer base. This stock is among the top picks for significant gains, with previous picks like Nano-X Imaging seeing a +129.6% increase in just over 9 months.



Read more at Nasdaq: Bear of the Day: Polaris Inc. (PII)