In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
The consensus among Wall Street equities research analysts is that investors should “hold” PII shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PII, but not buy additional shares or sell existing shares. High-growth stocks tend to represent the technology, healthcare, and communications https://1investing.in/ sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market.
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The company provided earnings per share guidance of $10.20-$10.75 for the period, compared to the consensus estimate of $10.13. The company issued revenue guidance of $8.80 billion-$9.10 market price is defined as billion, compared to the consensus revenue estimate of $8.79 billion. Style is an investment factor that has a meaningful impact on investment risk and returns.
The pandemic has prompted a surge in small boat sales, and the powersports vehicle maker appears to have positioned itself well to benefit. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 208 employees have rated Polaris Chief Executive Officer Scott W. Wine on Glassdoor.com. Scott W. Wine has an approval rating of 82% among the company’s employees. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2023 and why they should be in your portfolio.
And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Polaris Inc. said its profit and sales rose for the fourth quarter, citing a surge in demand in the powersports industry and outdoor recreation during the Covid-19 pandemic. Outdoor activities have powered a boom in off-road vehicles, motorcycles, and boats. The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
- A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
- The scores are based on the trading styles of Value, Growth, and Momentum.
- Outdoor activities have powered a boom in off-road vehicles, motorcycles, and boats.
- Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
- Data may be intentionally delayed pursuant to supplier requirements.
Style is calculated by combining value and growth scores, which are first individually calculated. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Polaris Xchange puts consumers in the driver’s seat as they shop online for off-road vehicles, snowmobiles, motorcycles, side-by-sides, auto-cycles, and ATVs Polaris Xchange offers an extensive invent… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Polaris is one of the longest-operating brands in powersports. According to 12 analysts, the average rating for PII stock is “Hold.” The 12-month stock price forecast is $120.7, which is an increase of 14.29% from the latest price. Polaris declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Friday, September 1st will be given a dividend of $0.65 per share on Friday, September 15th. This represents a $2.60 annualized dividend and a yield of 2.46%.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.
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We’d like to share more about how we work and what drives our day-to-day business. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of PII’s
competitive advantage. Polaris Inc. unveiled Monday plans to launch utility side-by-side in late December 2021, with deliveries to dealer targeted for early 2022. The full-size Ranger is the first electric vehicle the powersports company devel… Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
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- Based on an average daily trading volume, of 586,800 shares, the short-interest ratio is presently 9.7 days.
- Polaris saw a increase in short interest during the month of August.
PII’s historical performance
against its industry peers and the overall market.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- This represents a $2.60 annualized dividend and a yield of 2.46%.
Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 12 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Polaris in the last twelve months. There are currently 10 hold ratings and 2 buy ratings for the stock.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
The ex-dividend date of this dividend is Thursday, August 31st. Polaris saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,670,000 shares, an increase of 22.5% from the August 15th total of 4,630,000 shares. Based on an average daily trading volume, of 586,800 shares, the short-interest ratio is presently 9.7 days. Polaris issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th.
Sign-up to receive the latest news and ratings for Polaris and its competitors with MarketBeat’s FREE daily newsletter. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
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PII’s historical performance
against its industry peers and the overall market. PII’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Polaris Inc. said Tuesday its third-quarter net income rose to $186.3 million, or $3.10 a share, from $114.6 million, or $1.84 a share, in the year-ago quarter. From long-time owners to those interested in trying powersports, Polaris invites women riders to “Just Ride” this International Female Ride Day, taking place globally on Saturday, May 6 Polaris contin…
The maker of powersports vehicles saw strong across-the-board gains. The aftermarket auto and truck parts business never really panned out for the power sports vehicle maker. One share of PII stock can currently be purchased for approximately $105.61. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.