For its second fiscal quarter (ending June 30), Polaris Inc (NYSE: PII) has reported a -49% decline in E.P.S. from $2.35 a year ago to $1.21 in the current quarter. This result fell short of the consensus estimate of $2.27 by $-1.06. For the latest four quarters through June 30, E.P.S. were $5.76 versus $10.93 for the same period a year ago — a decline of -47%.
Recent Price Action
Polaris Inc (NYSE: PII) stock closed at $78.18 on 7/23/24 after a decline of -4.8%. Moreover, exceptionally high trading volume at 441% of normal accompanied the decline. The stock has declined -4.5% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PII is expected to continue to be a major Value Builder.
Polaris has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Polaris has a neutral Appreciation Score of 54 but a poor Power Rating of 25, with the Negative Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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