Overview

* Polaris Q3 sales rise 7% to $1.842 bln, beating analyst expectations

* Adjusted EPS for Q3 beats consensus at $0.41

* Company reports market share gains in off-road vehicles (ORV) and motorcycles

Outlook

* Polaris reintroduces 2025 adjusted sales and adjusted earnings forecasts

* Polaris expects 2025 adjusted sales between $6.9 bln and $7.1 bln

* Polaris forecasts 2025 adjusted EPS of approximately ($0.05)

Result Drivers

* HIGHER SHIPMENTS - Q3 sales driven by higher-than-expected shipments and favorable ORV mix

* MARKET SHARE GAINS - Co reports market share gains in ORV and motorcycles

* IMPAIRMENT CHARGE - Operating expenses increased due to a non-cash property and equipment impairment charge

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.84 $1.75

bln bln (13

Analysts

)

Q3 Beat $0.41 $0.11

Adjusted (13

EPS Analysts

)

Q3 $23 mln

Adjusted

Net

Income

Q3 Net -$16 mln

Income

Q3 Gross 20.60%

Margin

Q3 20.70%

Adjusted

Gross

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

* Wall Street's median 12-month price target for Polaris Inc ( PII ) is $65.00, about 9.5% below its October 27 closing price of $71.19

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)