Leisure Products Stocks Q4 Highlights: Polaris (NYSE:PII)
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the leisure products stocks, including Polaris (NYSE:PII) and its peers.
Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.
The 16 leisure products stocks we track reported a weaker Q4; on average, revenues beat analyst consensus estimates by 0.7%, while next quarter's revenue guidance was 11.6% below consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, and while some of the leisure products stocks have fared somewhat better than others, they collectively declined, with share prices falling 4% on average since the previous earnings results.
Polaris (NYSE:PII)
Founded in 1954, Polaris (NYSE:PII) designs and manufactures high-performance off-road vehicles, snowmobiles, and motorcycles.
Polaris reported revenues of $2.31 billion, down 4.4% year on year, topping analyst expectations by 3.2%. It was a weak quarter for the company, with a miss of analysts' earnings estimates.
The stock is down 5.9% since the results and currently trades at $87.39.
Read our full report on Polaris here, it's free.
Best Q4: Smith & Wesson (NASDAQ:SWBI)
With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.
Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.
The stock is up 26.3% since the results and currently trades at $16.97.
Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.
Clarus (NASDAQ:CLAR)
Initially a financial services business, Clarus (NASDAQ:CLAR) designs, manufactures, and distributes outdoor equipment and lifestyle products.
Clarus reported revenues of $76.5 million, up 3.6% year on year, falling short of analyst expectations by 8.7%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' revenue estimates.
Clarus had the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is up 17.8% since the results and currently trades at $6.21.
Read our full analysis of Clarus's results here.
Brunswick (NYSE:BC)
Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts.
Brunswick reported revenues of $1.36 billion, down 14% year on year, falling short of analyst expectations by 5.4%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.
The stock is up 4.2% since the results and currently trades at $83.94.
Read our full, actionable report on Brunswick here, it's free.
Ruger (NYSE:RGR)
Founded in 1949, Ruger (NYSE:RGR) is an American manufacturer of firearms for the commercial sporting market.
Ruger reported revenues of $130.6 million, down 12.5% year on year, falling short of analyst expectations by 2.3%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.
The stock is up 6.9% since the results and currently trades at $47.01.
Read our full, actionable report on Ruger here, it's free.
Join Paid Stock Investor Research
Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
