Polaris' Short-Term Prospects Are Increasingly Cloudy

Aug. 28, 2024 9:15 AM ETPolaris Inc. (PII) StockPII1 Comment
Caffital Research
1.64K Followers

Summary

  • Polaris Inc. reported Q2 results that missed Wall Street's estimates by a wide margin, still improving very well sequentially.
  • The company also significantly slashed the 2024 guidance, and while a guidance cut was expected, the new projection dropped by a very dramatic margin.
  • The short-term macroeconomic outlook stands cloudy — interest rates and inflation have started to fall, but the consumer sentiment still stands very low.
  • Polaris stock comes at a fair margin of safety.

Off roading UTV in wet environment.

ZargonDesign/E+ via Getty Images

Polaris Inc. (NYSE:PII), the off-road & on-road vehicle and marine manufacturer, reported the company’s Q2 results, also slashing the company’s 2024 financial guidance dramatically. Yet, the market has now seemingly priced in the industry’s headwinds, as

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