BRP Inc. (DOO:CA) (DOOO)
BRP Inc (DOOO) is set to release its Q3 2024 earnings report on December 6, 2024. Investors and analysts are keenly watching this release as the company is anticipated to post a year-over-year decline in earnings and revenue.
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Expected Q3 Earning Report of BRP Inc:
According to Zacks Consensus Estimate, BRP Inc. is expected to post quarterly earnings of $0.50 per share, reflecting a steep 77.8% year-over-year decline. Additionally, revenues are projected at $1.36 billion, down 25.2% compared to the same quarter last year. The consensus EPS estimate has been revised downward by 0.93% over the past 30 days, underscoring the cautious sentiment among analysts.
Despite these projections, analysts are also factoring in the possibility of an earnings surprise. Using the Zacks Earnings ESP (Expected Surprise Prediction), which compares the Most Accurate Estimate to the Zacks Consensus Estimate, the model provides insight into the likelihood of positive results.
Stock Target Advisor’s Analysis on BRP Inc:
According to Stock Target Advisor’s analysis, BRP Inc.’s stock exhibits a bullish outlook based on 12 positive signals and 5 negative signals. Key positive aspects include high market capitalization, superior risk-adjusted and total returns, and strong profitability ratios such as Return on Assets (RoA) at 8.04% and Return on Equity (RoE) at 37.6%. The company’s high dividend returns and positive cash flows further reinforce its strong performance metrics.
BRP Inc. currently holds a “Strong Buy” average analyst rating, with a target price of USD 73.33 over the next 12 months. Stock Target Advisor’s proprietary analysis forecasts a potential price increase of 59.96% within the same timeframe, presenting an optimistic outlook for the stock’s recovery.
Check out the latest Analyst Ratings for more details.
Conclusion:
BRP Inc.’s upcoming Q3 earnings report is a pivotal event that could determine the company’s short-term stock performance. While a significant earnings decline is anticipated, a positive surprise could shift the narrative favorably.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
