Equities Analysts Set Expectations for BRP Inc’s Q1 2021 Earnings (TSE:DOO)

BRP Inc (TSE:DOO) – Equities researchers at Desjardins issued their Q1 2021 earnings per share (EPS) estimates for shares of BRP in a research report issued on Monday, March 23rd. Desjardins analyst B. Poirier expects that the company will post earnings of $0.46 per share for the quarter. Desjardins also issued estimates for BRP’s FY2023 earnings at $1.57 EPS.

A number of other brokerages also recently issued reports on DOO. CIBC downgraded shares of BRP from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$70.00 to C$28.00 in a research note on Monday. UBS Group increased their price objective on shares of BRP from C$60.00 to C$74.00 in a research note on Friday, November 29th. Citigroup increased their price objective on shares of BRP from C$71.00 to C$73.00 in a research note on Wednesday, December 4th. BMO Capital Markets downgraded shares of BRP from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$72.00 to C$26.00 in a research note on Monday. Finally, TD Securities downgraded shares of BRP from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$74.00 to C$30.00 in a research note on Monday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$46.20.

Shares of BRP stock opened at C$26.28 on Wednesday. The company has a market capitalization of $1.83 billion and a price-to-earnings ratio of 7.50. BRP has a 12-month low of C$18.56 and a 12-month high of C$75.37. The firm’s 50-day moving average price is C$53.73 and its two-hundred day moving average price is C$57.44.

BRP (TSE:DOO) last announced its quarterly earnings data on Friday, March 20th. The company reported C$1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.06. The firm had revenue of C$1.62 billion for the quarter, compared to analyst estimates of C$1.52 billion.

BRP Company Profile

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 (TSE:DOO)

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