Polaris Industries Earnings: Here’s Why Shares are Down Now

Polaris Industries, Inc. (NYSE:PII) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.6%.

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Polaris Industries, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 25.88% to $1.07 in the quarter versus EPS of $0.85 in the year-earlier quarter.

Revenue: Rose 10.71% to $745.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Polaris Industries, Inc. reported adjusted EPS income of $1.07 per share. By that measure, the company beat the mean analyst estimate of $1.01. It missed the average revenue estimate of $751.46 million.

Quoting Management: “We are pleased that consumers and enthusiasts around the world continued to make Polaris their brand and product of choice during the first quarter of 2013. While Off-Road Vehicles (“ORVs”) and motorcycles faced challenging 2012 comparisons, we were again able to outpace the industry and increase market share in both product lines. Our snowmobile business also generated strong retail sales and market share growth during the first quarter,” commented Scott Wine, Polaris’ Chairman and CEO.

Key Stats (on next page)…

Revenue decreased 17.18% from $900.65 million in the previous quarter. EPS decreased 13.71% from $1.24 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.19 to a profit $1.17. For the current year, the average estimate has moved down from a profit of $5.18 to a profit of $5.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)