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Polaris Q3 sales beat estimates on powersports, marine strength, raises adjusted EPS outlook

By Reuters News


Overview

  • U.S. powersports vehicle maker's Q3 sales rose 11%, beating analyst expectations

  • Adjusted EPS for Q3 was $1.08, beating analyst expectations

  • Company raised full-year 2026 adjusted EPS guidance to $3.50-$3.60


Outlook

  • Polaris raises 2026 adjusted sales guidance to $7.55 bln-$7.60 bln from $7.30 bln-$7.50 bln

  • Company lifts 2026 adjusted EPS guidance to $3.50-$3.60 from $3.00-$3.10

  • Polaris attributes about $1.09 of 2026 adjusted EPS to tariff refunds recorded in 2026


Result Drivers

  • PRODUCT LINE STRENGTH - Co said Q3 sales growth was driven by strength across all major product lines within Polaris Powersports and Marine

  • MARKET SHARE GAINS - Co reported Q3 market share gains in off-road vehicles and Marine, marking sixth straight quarter of share gains in ORV

  • TARIFF REFUNDS - Co said Q3 results included $10 mln of tariff refunds, benefiting adjusted EPS by $0.13


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$2.04 bln

$1.90 bln (14 Analysts)

Q3 Adjusted EPS

Beat

$1.08

$0.60 (16 Analysts)

Q3 Adjusted Net Income

$63 mln

Q3 Net Income

$38 mln

Q3 Gross Margin

21.20%

Q3 Adjusted Gross Margin

21.20%


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "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 is $70.00, about 26.9% above its October 26 closing price of $55.15

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 28 three months ago


Reuters Recommended Reads

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  • Oct 26 - Steelmaker Gerdau's profit rises 40% in Q3 on strong North America operations


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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