D.A. Davidson analyst Brandon Rolle maintains $Polaris (PII.US)$ with a buy rating, and adjusts the target price from $87 to $84.
According to TipRanks data, the analyst has a success rate of 41.8% and a total average return of -5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Polaris (PII.US)$'s main analysts recently are as follows:
Following Polaris' third-quarter earnings falling short of projections due to waning consumer confidence and a dip in retail sales, expectations have been tempered for the company's performance. Anticipating a decrease in fourth-quarter revenue due to a strategic reduction in dealer inventory shipments, the outlook for continued retail softness and inventory adjustments has led to a moderated long-term earnings forecast.
The company's Q3 outcomes fell short of projections, accompanied by a reduced outlook for 2024. Despite anticipations of an unfavorable report, the preliminary and cautious outlook for 2025 contrasted with consensus estimates, precipitating a 10% decline in the company's share value. An improvement in prevailing trends is not anticipated in the near future.
Polaris reported results that fell short on both the top and bottom lines, along with a reduced outlook that was mostly anticipated by investors. Management's projection of an unchanged retail landscape through FY25, suggesting flat earnings for the year, appeared to be a significant factor in the stock's negative market response.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
