Outdoor lifestyle products brand (NYSE: YETI) will be announcing earnings results this Thursday before market hours. Here’s what investors should know.
YETI beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $351.1 million, up 2.9% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but full-year EPS guidance missing analysts’ expectations significantly.
Is YETI a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting YETI’s revenue to be flat year on year at $462.8 million, slowing from the 8.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. YETI has missed Wall Street’s revenue estimates twice over the last two years.
Looking at YETI’s peers in the leisure products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Polaris’s revenues decreased 5.6% year on year, beating analysts’ expectations by 9.2%, and Brunswick reported flat revenue, topping estimates by 16.4%. Polaris traded up 17% following the results while Brunswick was down 6%.
Read our full analysis of Polaris’s results here and Brunswick’s results here.
Investors in the leisure products segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. YETI is up 16.1% during the same time and is heading into earnings with an average analyst price target of $35.53 (compared to the current share price of $37.38).
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