Polaris Industries Outruns Estimates Again
Polaris Industries (NYS: PII) filed its 10-K on Monday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Polaris Industries beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share increased significantly.
Margins dropped across the board.
Polaris Industries logged revenue of $782 million. The 11 analysts polled by S&P Capital IQ hoped for sales of $757.7 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $622.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.90. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.88 per share. GAAP EPS of $0.90 for Q4 were 17% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.9%, 220 basis points worse than the prior-year quarter. Operating margin was 12.0%, 140 basis points worse than the prior-year quarter. Net margin was 8.1%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $609.7 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $2.94 billion. The average EPS estimate is $3.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 187 members rating the stock outperform and 27 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give Polaris Industries a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polaris Industries is outperform, with an average price target of $72.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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