On Oct 24, major Wall Street analysts update their ratings for $Polaris (PII.US)$, with price targets ranging from $76 to $84.
Morgan Stanley analyst Megan Alexander maintains with a buy rating, and maintains the target price at $81.
Baird analyst Craig Kennison maintains with a buy rating, and adjusts the target price from $85 to $84.
KeyBanc analyst Noah Zatzkin maintains with a buy rating.
Truist Financial analyst Michael Swartz maintains with a hold rating, and adjusts the target price from $82 to $76.
Furthermore, according to the comprehensive report, the opinions of $Polaris (PII.US)$'s main analysts recently are as follows:
Following a quarter where earnings per share fell short of forecasts due to diminished consumer confidence and retail sales, expectations have been set for a decline in Q4 revenue, anticipating a year-over-year drop of 27%. This forecast is partly based on the projection that Polaris will deliver fewer units than retail demand, as an effort to reduce dealer inventory levels. Further, long-term earnings projections through to 2025 have been adjusted downwards, factoring in an ongoing dip in retail sales for the first half, inventory management efforts by dealers, and the extended time required for Polaris to modify its production plans.
Polaris reported Q3 results that fell short of expectations and reduced its 2024 guidance. Despite the buyside possibly anticipating unfavorable results, the preliminary and directional commentary on 2025 was more conservative than what was generally expected, contributing to the 10% decline in Polaris' share price. It is noted that a significant change in the recent trends is not anticipated in the upcoming months and quarters.
The firm observes that Polaris reported misses on both revenue and earnings, with the softer outcomes and reduced guidance largely aligning with investor expectations. However, the unfavorable market response is tied to management's anticipation of a stagnant retail landscape through FY25, suggesting to investors to consider flat earnings year-over-year for FY25 as an initial outlook.
Polaris experienced an EPS shortfall and has reduced its revenue/EPS guidance while focusing on a 15-20% decrease in dealer inventory by the end of 2024.
Here are the latest investment ratings and price targets for $Polaris (PII.US)$ from 4 analysts:
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美東時間10月24日，多家華爾街大行更新了$北極星 (PII.US)$的評級，目標價介於76美元至84美元。
摩根士丹利分析師Megan Alexander維持買入評級，維持目標價81美元。
貝雅分析師Craig Kennison維持買入評級，並將目標價從85美元下調至84美元。
KeyBanc分析師Noah Zatzkin維持買入評級。
儲億銀行分析師Michael Swartz維持持有評級，並將目標價從82美元下調至76美元。
此外，綜合報道，$北極星 (PII.US)$近期主要分析師觀點如下：
在一季度，由於消費者信心和零售銷售疲軟，每股收益未達預期，Q4營業收入預計將下降，預計同比下降27%。這一預測部分基於Polaris公司將交付的單位少於零售需求，以減少經銷商庫存水平的投影。此外，到2025年的長期盈利預測已經下調，考慮到上半年零售銷售持續下滑，經銷商的庫存管理努力，以及Polaris修改其生產計劃所需的時間。
Polaris報告顯示，Q3結果未達預期，並調低了2024年的指引。儘管買方可能預期到不利結果，但對2025年的初步和指導性評論比普遍預期更爲保守，導致Polaris股價下跌10%。值得注意的是，最近趨勢的顯著變化在未來幾個月和季度內並不被預期。
公司觀察到Polaris在營收和收益上的不及預期，較軟的結果和降低的指引與投資者的預期基本一致。然而，不利的市場反應與管理層對FY25期間零售市場景氣不振的預期有關，向投資者表明，應考慮FY25年收益同比維持不變作爲首次展望。
Polaris遭遇每股收益短缺，並降低了其營收/每股收益指引，同時專注於到2024年底經銷商庫存的減少15-20%。
以下爲今日4位分析師對$北極星 (PII.US)$的最新投資評級及目標價：
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