BRP Inc (NASDAQ:DOOO) Expected to Post Quarterly Sales of $1.01 Billion

Wall Street brokerages expect that BRP Inc (NASDAQ:DOOO) will post sales of $1.01 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for BRP’s earnings. The highest sales estimate is $1.04 billion and the lowest is $985.85 million. BRP posted sales of $925.53 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The business is expected to issue its next quarterly earnings report on Thursday, August 29th.

On average, analysts expect that BRP will report full year sales of $4.37 billion for the current fiscal year, with estimates ranging from $4.32 billion to $4.48 billion. For the next financial year, analysts expect that the firm will report sales of $4.50 billion, with estimates ranging from $4.36 billion to $4.70 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for BRP.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Thursday, May 30th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $999.74 million during the quarter, compared to analysts’ expectations of $939.22 million. BRP had a net margin of 4.38% and a negative return on equity of 80.77%.



Several equities analysts recently commented on DOOO shares. Zacks Investment Research raised shares of BRP from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, July 30th. ValuEngine raised shares of BRP from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, Goldman Sachs Group started coverage on shares of BRP in a research note on Wednesday, April 24th. They set a “neutral” rating and a $32.06 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.53.

A number of hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its stake in BRP by 2.4% in the 2nd quarter. CIBC Asset Management Inc now owns 24,909 shares of the company’s stock worth $890,000 after buying an additional 579 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BRP by 21.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,393 shares of the company’s stock worth $94,000 after buying an additional 609 shares in the last quarter. Wells Fargo & Company MN grew its stake in BRP by 81.1% in the 2nd quarter. Wells Fargo & Company MN now owns 2,408 shares of the company’s stock worth $86,000 after buying an additional 1,078 shares in the last quarter. Swiss National Bank grew its stake in BRP by 2.7% in the 2nd quarter. Swiss National Bank now owns 80,500 shares of the company’s stock worth $2,877,000 after buying an additional 2,100 shares in the last quarter. Finally, Highstreet Asset Management Inc. grew its stake in BRP by 3.4% in the 1st quarter. Highstreet Asset Management Inc. now owns 71,617 shares of the company’s stock worth $1,987,000 after buying an additional 2,368 shares in the last quarter. 30.59% of the stock is owned by institutional investors and hedge funds.

NASDAQ:DOOO traded up $0.56 during mid-day trading on Friday, hitting $32.27. 12,377 shares of the stock traded hands, compared to its average volume of 27,339. The firm’s 50-day moving average is $35.21. The company has a market cap of $2.90 billion and a P/E ratio of 13.56. BRP has a 12-month low of $23.90 and a 12-month high of $55.41.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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Earnings History and Estimates for BRP (NASDAQ:DOOO)

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